Debenhams Plc

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UK: Debenhams managing director exit sparks reshuffle just-style.com | 4 Nov 08

Department store chain Debenhams has announced that its managing director Angela Spindler will leave the company on 30 November.


UK: Primark seen as least ethical clothing retailer just-style.com | 29 Oct 08

Discount chain Primark has been voted Britain's least ethical clothing retailer when it comes to failing to address social and environmental issues according to a new survey.


UK: Cotton Traders to stop sourcing clothes from Burma just-style.com | 28 Oct 08

Retailer Cotton Traders is to stop sourcing clothes from Burma, days after a public boycott campaign was launched.


UK: Debenhams reports 16.2% full-year profit slump just-style.com | 21 Oct 08

UK department store chain Debenhams has posted a 16.2% fall in full year pre-tax profit to GBP110.1m (US$187.1m), from GBP131.4m last year, in what the company describes as "a difficult trading environment."


In the money: Iceland bank meltdown attracts Baugur bidders just-style.com | 16 Oct 08

The well-documented collapse of Iceland's banking system must be making the quiet Nordic nation, stuck out in the North Atlantic Ocean, feel more isolated than ever. However, it also gives rise to an unprecedented opportunity for investors, including retail mogul Sir Philip Green, to gain control of big chunks of the UK high street by buying the retail stakes held by Icelandic investor Baugur Group. Joe Ayling reports.


UK: Baugur dismisses administration rumours just-style.com | 14 Oct 08

Icelandic retail investment company Baugur Group said it has no plans to place its UK business into administration as it faces up to Iceland's banking turmoil.


UK: House of Fraser distances itself from Baugur issues just-style.com | 13 Oct 08

The chairman of UK department store chain House of Fraser has stressed its resilience to difficulties facing part-owner Baugur Group after the Icelandic banking collapse.


UK: Baugur quiet about talks with Topshop owner just-style.com | 13 Oct 08

Icelandic investment firm Baugur Group has called in retail entrepreneur Sir Philip Green for talks about a possible investment in its UK businesses after the collapse of the Icelandic banking system, according to reports in the UK press.


UK: Baugur cools financial fears over fashion chains just-style.com | 10 Oct 08

Icelandic investment firm Baugur Group has moved to alleviate concerns about its fashion brands in the UK after the collapse of three Icelandic banks this week.


UK: Baugur says it’s ‘business as usual’ for retail units just-style.com | 2 Oct 08

Icelandic investment group Baugur has moved to reassure the financial markets after a major shareholder filed for administration earlier this week, and says it is business as usual for the firm which owns a number of British high street fashion chains.


UK: Ted Baker cautious despite 5.4% H1 profit rise just-style.com | 2 Oct 08

Clothing-led lifestyle brand company Ted Baker Plc says it is “understandably cautious” about future trading despite reporting a 5.4% rise in first-half pre-tax profit to GBP7.4m (US$13m).


UK: Baugur fashion chains caught in Icelandic bank bail-out? just-style.com | 30 Sep 08

A major shareholder in Icelandic investment group Baugur – which owns UK fashion retailers including House of Fraser, Karen Millen, Oasis and Principles – was forced to file for administration yesterday (29 September) prompting fears that some of Britain’s biggest high street names may be put up for sale.


UK: Debenhams sees full-year sales slump 0.9% just-style.com | 16 Sep 08

Department store operator Debenhams said its like-for-like sales in the past fiscal year were down by 0.9%, noting that the UK retail sector was being adversely affected by wider economic concerns.


UK: FashionExpo plans return to London just-style.com | 12 Aug 08

Fashion industry trade show FashionExpo will return to London after a successful opening event last year, organisers say.


UK: FrostFrench revived after going into administration just-style.com | 1 Aug 08

Fashion designer label FrostFrench has been resurrected thanks to a new investor after being placed into administration amid mounting debts.


UK: Sainsbury’s non-food boss Jones moves to Tesco just-style.com | 24 Jun 08

Richard Jones, the executive credited with driving an aggressive expansion into clothing at UK supermarket group Sainsbury’s, has resigned to take a top post at arch rival Tesco it emerged today (24 June).


UK: Debenhams sales fall 0.6% in "tough environment" just-style.com | 24 Jun 08

Department store chain Debenhams said that like-for-like sales were down by 0.6% for the 42 weeks ended 21 June 2008, despite a gross transaction value 1.3% higher than the same period last year.


UK: Strong sales help Jaeger to 22% hike in FY profit just-style.com | 19 May 08

British luxury brand Jaeger has posted a 22% jump in full year underlying profits, buoyed by strong UK and international demand for its revamped fashions.


UK: Baugur trying to find a buyer for MK One chain? just-style.com | 16 Apr 08

Icelandic investment group Baugur is reported to have put discount fashion chain MK One on the block after failing to turn the struggling stores around.


UK: Debenhams gains market share despite H1 profit slump just-style.com | 15 Apr 08

Department store retailer Debenhams gained market share in its core clothing categories despite unveiling a 12.6% first-half profit decline to GBP94.1m (US$184.9m).


SRI LANKA: Courtaulds Clothing to open new $1m factory just-style.com | 11 Apr 08

Courtaulds Clothing Lanka is to start commercial operations of a new $1m factory in Sri Lanka next month.


ICELAND: Baugur targets buys with retail war chest just-style.com | 9 Apr 08

Icelandic investment group Baugur has completed its restructuring as a pure retail investor, amassing a war chest to target acquisition opportunities.


CHINA: Plastic bag fines to be introduced just-style.com | 8 Apr 08

In a bid to reduce plastic bag wastage, the Chinese government has introduced steep penalties for shops that give out bags to customers for free.


UK: Debenhams mulled Moss Bros bid - papers just-style.com | 7 Apr 08

Department store chain Debenhams Plc has held secret takeover talks with the struggling British men's wear retailer Moss Bros Group Plc according to media reports at the weekend.


UK: Debenhams mulled Moss Bros bid - papers just-style.com | 7 Apr 08

Department store chain Debenhams Plc has held secret takeover talks with the struggling British men's wear retailer Moss Bros Group Plc according to media reports at the weekend.


UK: Debenhams gains clothing share despite sales slump just-style.com | 18 Mar 08

UK department store chain Debenhams has reported a 0.7% slump in first half like-for-like sales compared to last year, citing challenging trading conditions across the sector in January and February.


UK: Retailers face charge to cut plastic bag use just-style.com | 14 Mar 08

British retailers have been given a year to take steps to reduce their use of plastic bags or face legislation that will allow the government to impose a charge on each bag they give away.


UK: Debenhams launches Fairtrade clothing range just-style.com | 29 Feb 08

Retailer Debenhams has joined forces with former Olympic rower Sir Steve Redgrave to launch a new men’s wear range produced from Fairtrade certified cotton.


UK: Luxury retailers driving high street growth – research just-style.com | 29 Feb 08

Luxury and premium retail operators will continue to drive growth in the UK high street during 2008, according to a new report from Verdict Research.


UK: Administrators appointed at Elvi just-style.com | 11 Feb 08

Fashion retailer Elvi is the latest UK high street retailer to fall into administration, hot on the heals of Dolcis and Base Menswear.

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