Debenhams Plc

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Boohoo strikes GBP55m deal to acquire Debenhams brand Beth Wright | 25 Jan 21

UK online fast fashion retailer Boohoo Group has inked a deal to buy the Debenhams brand for GBP55m (US$75.2m) in a move aimed at furthering its ambition to create the UK's largest marketplace and grow into new categories including beauty, sport, and homeware.


Debenhams deal casts doubt on the future of department stores – What the analysts say Beth Wright | 25 Jan 21

UK online fast fashion retailer Boohoo Group is set to acquire the global rights to the Debenhams brands and its websites in a GBP55m (US$75.2m) deal as it steps closer to achieving its goal of creating the UK's largest marketplace. The move will help it grow into new categories including beauty, sport, and homeware and raises the question of the relevance of traditional department stores in a post-pandemic environment.


Debenhams to close six stores as rescue talks continue Michelle Russell | 13 Jan 21

Debenhams has said it will permanently close six stores, including its Oxford Street store, as the UK department store retailer continues to engage with third-parties over a potential sale of all, or parts, of the business.


Debenhams to begin wind-down of UK operations Michelle Russell | 1 Dec 20

UK department store chain Debenhams is to begin a wind-down of its operations after JD Sports Fashion, Britain's largest sportswear retailer, ended rescue talks this week and administrators failed to find an alternative buyer for the business.


JD Sports eyeing Debenhams takeover? Hannah Abdulla | 24 Nov 20

Department store group Debenhams is reportedly in exclusive talks with JD Sports Fashion, Britain's largest sportswear retailer, about a rescue deal that could secure the jobs of thousands of retail workers.


Debenhams owner puts Magasin du Nord up for sale? Hannah Abdulla | 17 Sep 20

Celine, the hedge fund owner of Debenhams, has reportedly put its Danish business Magasin du Nord up for sale.


Debenhams owner Celine gears up for administration Michelle Russell | 24 Aug 20

Celine UK Newco 1 Limited, the owner of department store group Debenhams, has appointed administrators to prepare for its own potential bankruptcy filing.


Retailers begin to outline store reopening plans – Update just-style | 16 Jun 20

Debenhams, Brooks Brothers, and J.Crew Group are among the latest apparel brands and retailers to outline reopening plans after stores and online operations were closed temporarily worldwide as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak.


Three more Debenhams stores will remain closed after lockdown Beth Wright | 10 Jun 20

Department store group Debenhams has confirmed a further three stores will not repoen after lockdown restrictions are lifted in the UK next week after it failed to agree terms with landlord Intu. 


Debenhams collapse hits sourcing operation hard Hannah Abdulla | 12 May 20

Almost 70 jobs have been lost in Bangladesh after British retailer Debenhams liquidated its sourcing operation after collapsing into administration last month.


Seven Debenhams stores will remain closed after lockdown Beth Wright | 20 Apr 20

Department store group Debenhams has confirmed seven stores will not repoen after the UK country-wide lockdown comes to an end. 


Global retail closures as coronavirus spreads – Update just-style | 15 Apr 20

A raft of apparel and footwear brands and retailers including Next Plc, Primark, H&M, Nike and Gap Inc, are temporarily closing stores and suspending online operations as part of efforts to help limit the spread of the coronavirus (Covid-19) outbreak. 


Debenhams appoints administrators Beth Wright | 9 Apr 20

Department store group Debenhams has entered administration in the UK and says it is likely a liquidator will be appointed to the Irish operations. 


Debenhams to enter "light touch" administration Michelle Russell | 6 Apr 20

UK department store retailer Debenhams is preparing to file for administration for the second time in a bid to protect the company against claims from creditors during the Covid-19 pandemic.


Debenhams preparing to file for administration? Beth Wright | 3 Apr 20

UK department store retailer Debenhams is reported to be on the brink of administration for the second time to protect the company against claims from creditors during the Covid-19 pandemic.


Debenhams asks for rent cuts amid fears of second CVA Michelle Russell | 23 Mar 20

UK department store retailer Debenhams could launch its second CVA in less than a year after it wrote to landlords last week asking for a rent holiday and longer-term reductions as it seeks to manage its operations amid pressures stemming from the Covid-19 outbreak.


Debenhams' CVA challenge rejected by courts Michelle Russell | 11 Mar 20

Debenhams says a company voluntary arrangement (CVA) challenge process, which began last year, has now come to an end and the retailer can proceed with its debt restructuring and continue its recovery.


Debenhams pledges new sustainability commitments Beth Wright | 15 Jan 20

Department store retailer Debenhams has outlined a new sustainability programme alongside a series of new commitments, including a guarantee that by September 2020 all own-brand product sold in a Debenhams store will have at least one sustainable attribute.


Debenhams taps ex House of Fraser finance boss as new chair Beth Wright | 25 Oct 19

Department store group Debenhams has appointed former House of Fraser finance chief Mark Gifford as chairman of its parent company to help lead its turnaround.


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.

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