Debenhams Plc

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Debenhams secures GBP50m in new funding Beth Wright | 10 Oct 19

UK department store retailer Debenhams has secured an extra GBP50m (US$61.2m) in funding ahead of the peak Christmas trading period.


Debenhams finance chief takes up Ted Baker role Hannah Abdulla | 26 Sep 19

UK fashion and lifestyle brand Ted Baker has named former Debenhams finance boss Rachel Osborne as its new CFO.


Ted Baker switches to Next for childrenswear Beth Wright | 16 Aug 19

UK fashion and lifestyle brand Ted Baker has inked a new childrenswear licence agreement with Next Plc, replacing a deal with Debenhams due to end in February. 


Debenhams names turnaround expert as new CEO Beth Wright | 8 Aug 19

Stefaan Vansteenkiste, who joined Debenhams earlier this year as chief restructuring officer, has been named the new CEO of the UK department store group.


Sports Direct challenges Debenhams restructuring Beth Wright | 12 Jun 19

UK department store retailer Debenhams has confirmed it has received a challenge to its company voluntary arrangement (CVA) proposals from plans including Sports Direct.


Debenhams creditors back CVA proposals Beth Wright | 10 May 19

Debenhams' creditors have approved its company voluntary arrangement (CVA) proposals in a move that will see the UK department store retailer shutter 22 locations by 2020.


Debenhams to close 22 stores by 2020 under CVA plan Beth Wright | 26 Apr 19

Debenhams has this morning (26 April) announced plans for a company voluntary arrangement (CVA) that would see the UK department store retailer shutter 22 locations by 2020.


Bucher steps down as Debenhams CEO Beth Wright | 25 Apr 19

Sergio Bucher has officially stepped down as CEO of UK department store retailer Debenhams Plc in a move that will allow new leadership to carry through the restructuring and turnaround of the business. 


Bucher expected to step down as Debenhams CEO Beth Wright | 16 Apr 19

A week after UK department store retailer Debenhams Plc finally fell into administration, CEO Sergio Bucher is said to be preparing to step down. 


Debenhams rejects latest Sports Direct GBP150m equity offer Beth Wright | 8 Apr 19

The latest development in the ongoing saga between Sports Direct and Debenhams has seen the department store chain reject an offer from the Mike Ashley-owned company to underwrite a GBP150m (US$195.8m) rights issue for Debenhams as the retail tycoon fights to try to take control of the struggling retailer.


Debenhams bondholders back GBP200m refinancing plan Beth Wright | 28 Mar 19

Embattled UK department store retailer Debenhams has received the green light to proceed with its proposed GBP200m (US$263m) refinancing plan – a move that is likely to wipe out Sports Direct's near 30% equity stake along with those of all other shareholders.


Sports Direct mulls GBP61.4m Debenhams takeover bid Beth Wright | 27 Mar 19

Shares in Debenhams remained up by more than 54% this afternoon (27 March) after Mike Ashley-owned Sports Direct International Plc said it is considering a "possible" offer of GBP61.4m (US$81.1m) to take full control of the struggling British department store chain.


Administration looming for Debenhams? Leonie Barrie | 22 Mar 19

Struggling UK department store retailer Debenhams today (22 March) revealed it is seeking a cash injection of up to GBP200m (US$263m) from existing lenders – just minutes before Sports Direct International offered to buy its Danish business Magazin du Nord for GBP100m.


Debenhams to carefully consider Ashley's GBP150m loan offer Beth Wright | 14 Mar 19

Struggling British department store chain, Debenhams, says it will give "careful consideration" to the offer of a GBP150m (US$198.7m) loan from its largest shareholder, Sports Direct boss and retail tycoon boss Mike Ashley. 


Debenhams in "advanced" talks to secure GBP150m loan Beth Wright | 11 Mar 19

Debenhams says it is making progress on securing a GBP150m (US$195.6m) cash injection, just three days after Sports Direct boss and retail tycoon Mike Ashley launched a coup to take control of the struggling British department store chain.


Mike Ashley launches Debenhams control bid Beth Wright | 8 Mar 19

Sports Direct boss and retail tycoon Mike Ashley has launched a coup at Debenhams that would see him appointed as an executive of the struggling British department store chain and oust the vast majority of its current directors. 


Debenhams issues fresh profit warning; expectations are "no longer valid" Beth Wright | 5 Mar 19

Struggling British department store chain Debenhams has issued a fresh profit warning as sales continue to fall. 


Debenhams in new sourcing partnership with Li & Fung Beth Wright | 12 Feb 19

Debenhams is to develop a new strategic sourcing partnership with global sourcing giant Li & Fung in a move CEO Sergio Bucher says will be a "key part" of the struggling department store retailer's turnaround plan.


Debenhams chairman resigns after being voted off the board Beth Wright | 11 Jan 19

Sir Ian Cheshire has been forced to resign as chairman of Debenhams after two of the struggling UK department store retailer's major shareholders – one of whom was Sports Direct boss and retail tycoon Mike Ashley – voted against his re-election to the board at yesterday's AGM.


Dismal Christmas for Debenhams despite promotions Beth Wright | 10 Jan 19

Heavy discounting across the peak Christmas period failed to offset what one analyst called a "dismal" set of results for Debenhams this morning (10 January) as shares in the struggling UK department store retailer tumbled on a sales fall of more than 3%.


Debenhams rejects Mike Ashley GBP40m lifeline Beth Wright | 14 Dec 18

Sports Direct boss and retail tycoon Mike Ashley has penned a strongly-worded letter to Debenhams chief executive Sergio Bucher after the struggling British department store chain turned down his offer of a GBP40m (US$m) interest-free loan.


Debenhams optimistic despite supplier concerns Michelle Russell | 16 Nov 18

Struggling British department store chain Debenhams is confident it is well-stocked for Christmas, despite concerns a number of high street suppliers have stopped working with the retail group.


Debenhams retail managing director to depart Beth Wright | 2 Nov 18

Struggling British department store group Debenhams has confirmed the departure of Ross Clemmow, managing director for retail, digital, food and events, in the New Year.


Debenhams to close up to 50 stores amid record FY loss Michelle Russell | 25 Oct 18

Struggling British department store group Debenhams is to close up to 50 stores – nearly one-third of its store base – putting around 4,000 jobs at risk amid record annual losses.


Sports Direct denies Debenhams takeover reports Michelle Russell | 13 Sep 18

House of Fraser's new owner Sports Direct has been forced to issue a statement denying reports it intends to make a takeover offer for struggling British department store group Debenhams.


Debenhams seeks advice amid high street pressure Michelle Russell | 10 Sep 18

Struggling British department store group Debenhams has appointed restructuring experts KPMG to look at a number of options for the company, including a potential company voluntary arrangement (CVA).


Debenhams hopes in-store gyms will drive footfall Beth Wright | 8 Aug 18

Struggling British department store group Debenhams, which issued its third profit warning for the year in June, has revealed plans to open its first in-store gym next month in a move it hopes will drive footfall.


Debenhams "reviewing options" on Magasin operations Michelle Russell | 22 Jun 18

Debenhams has said it is reviewing its options on its Danish operations Magasin du Nord as the UK department store retailer looks to cut costs.


Debenhams in third profit warning amid difficult Q3 Beth Wright | 19 Jun 18

Shares in Debenhams tumbled by 12% in early trading this morning (19 June) as the British department store group said it expects to miss full-year profit forecasts in what will be the retailer's third profit warning this year.


Debenhams in 84.6% profit tumble as CFO departs Beth Wright | 19 Apr 18

Shares in Debenhams tumbled by more than 6% this morning (19 April) as the British department store group revealed an 84.6% drop in profit for the first half of the financial year and announced the departure of its chief financial officer.

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