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Debenhams Plc

Debenhams pledges new sustainability commitments

15 January 2020 | Beth Wright

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.... read more

Debenhams taps ex House of Fraser finance boss as new chair

25 October 2019 | Beth Wright

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.... read more

Debenhams secures GBP50m in new funding

10 October 2019 | Beth Wright

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

Debenhams finance chief takes up Ted Baker role

26 September 2019 | Hannah Abdulla

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

Ted Baker switches to Next for childrenswear

16 August 2019 | Beth Wright

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. ... read more

Debenhams names turnaround expert as new CEO

8 August 2019 | Beth Wright

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

Sports Direct challenges Debenhams restructuring

12 June 2019 | Beth Wright

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

Debenhams creditors back CVA proposals

10 May 2019 | Beth Wright

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.... read more

Debenhams to close 22 stores by 2020 under CVA plan

26 April 2019 | Beth Wright

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.... read more

Bucher steps down as Debenhams CEO

25 April 2019 | Beth Wright

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. ... read more

Bucher expected to step down as Debenhams CEO

16 April 2019 | Beth Wright

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

Debenhams rejects latest Sports Direct GBP150m equity offer

8 April 2019 | Beth Wright

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.... read more

Debenhams bondholders back GBP200m refinancing plan

28 March 2019 | Beth Wright

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.... read more

Sports Direct mulls GBP61.4m Debenhams takeover bid

27 March 2019 | Beth Wright

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.... read more

The price of US imports from China continues to fall

19 March 2019 | Leonie Barrie

Despite concerns about sourcing from China amid an intensifying trade war with the US, newly-published figures show China continues to dominate US apparel imports – with import volume rising and prices continuing to fall again last year.... read more

Debenhams to carefully consider Ashley's GBP150m loan offer

14 March 2019 | Beth Wright

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. ... read more

Debenhams in "advanced" talks to secure GBP150m loan

11 March 2019 | Beth Wright

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.... read more

Outlook for UK retailers looks bleak

11 March 2019 | Hannah Abdulla

The outlook for UK retailers continues to look bleak. UK department store John Lewis blamed a "challenging" retail backdrop for a more than 45% drop in full-year profits to GBP160m. It was a similar story for rival Debenhams, which issued a warning on full-year profits based on poor sales performance. In an update, the retailer said for the 18 weeks to 5 January, gross transaction value fell 5.6% and like-for-like sales were down 5.7%. ... read more

Mike Ashley launches Debenhams control bid

8 March 2019 | Beth Wright

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. ... read more

Debenhams issues fresh profit warning; expectations are "no longer valid"

5 March 2019 | Beth Wright

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

How Levi Strauss is driving sustainable change

4 March 2019 | Beth Wright

The denim and jeans sector is having to work tirelessly to change perceptions over its sustainability, or lack of it. But change is nigh, promises Michael Kobori, vice president of social and environmental sustainability at Levi Strauss & Co. The company recently expanded its Partnership for Cleaner Textiles (PaCT) programme to four countries in Asia and is now engaging in one of its most ambitious plans to date, with a target to cut carbon emissions across its supply chain by 40% by 2025. "At this point, that is the most aggressive target in the industry, we believe, in terms of both the magnitude and the timeframe," Kobori tells just-style.... read more

British MPs call for laws to tackle fast fashion

25 February 2019 | Hannah Abdulla

The UK government is being urged to introduce legislation that requires fashion brands and retailers to perform due diligence checks across their supply chains and take more responsibility for the environmental impact of their businesses. ... read more

Cambodia facing trade benefits suspension

18 February 2019 | Beth Wright

The European Union has officially started the process that could lead to the temporary suspension of Cambodia's preferential access to the EU market under the Everything But Arms (EBA) trade scheme. The move follows a warning toCambodia in Octoberthat without clear and demonstrable improvements to its human rights situation there would be asuspension of trade preferences. Not surprisingly, the news has disappointedthe Garment Manufacturers Association in Cambodia (GMAC), which sayssuch a movewould jeopardise the country's efforts to build a responsible apparel supply chain.... read more

Debenhams in new sourcing partnership with Li & Fung

12 February 2019 | Beth Wright

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.... read more

US imports hit by earlier stockpiling efforts

11 February 2019 | Hannah Abdulla

Latest figures have revealed a fall in US apparel import volumes from nine of the top ten supplier countries in November. China, its biggest apparel supplier, booked flat growth. The picture was hugely different from the previous month where all ten showed positive growth for imports into the US, suggesting retailers were stockpiling earlier to get ahead of the holiday period, as well as bringing in spring merchandise, in a bid to beat a potential increase in tariffs on goods from China.... read more

Hemp apparel – hype or opportunity?

4 February 2019 | Leonie Barrie

With products derived from hemp making their presence felt in a range of industries, from food and drinks to medicines, we've looked at potential applications in clothing – and issues for the supply chain.... read more

TexOps restructure and the quest to get ahead

28 January 2019 | Beth Wright

Salvadoran sportswear maquila TexOps is navigating a painful restructuring, with owner David Ha putting the brakes on expansion. "We are going back to basics,” the Korean entrepreneur tells just-style in an exclusive interview, revealing how the firm is strategising ahead to get ready for what is coming. This, he says, includes an increase in US labels shifting sourcing south of the border as Trump's trade war with China escalates.... read more

Brexit deal rejection worries apparel industry

21 January 2019 | Hannah Abdulla

Last week's rejection of Theresa May's proposed UK-EU Brexit deal by MPs saw chatter spike among industry execs who say a No-Deal Brexit could be problematic for the sector given its heavy reliance on overseas talent ... read more

US trade updates out of date

15 January 2019 | Leonie Barrie

Apparel and textile industry executives are among those being deprived of key trade and economic data amid the ongoing US government shutdown – at a time when trade tensions between the US and China mean that having access to the most up-to-date statistics is more important than ever.... read more

Debenhams chairman resigns after being voted off the board

11 January 2019 | Beth Wright

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.... read more

Dismal Christmas for Debenhams despite promotions

10 January 2019 | Beth Wright

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%.... read more

2019 off to a positive start

7 January 2019 | Leonie Barrie

Getting 2019 off to a positive start, it seems US apparel retailers saw some holiday cheer, with strong sales momentum that started during the back-to-school season carrying on to Christmas.... read more

UN sets new Fashion Industry Charter for Climate Action

18 December 2018 | Leonie Barrie

43 leading fashion brands, retailers and suppliers – including Adidas, Burberry, Gap Inc, H&M Group, Inditex, Kering, Levi Strauss & Co, and PVH Corp – are backing the UN’s new Fashion Industry Charter for Climate Action with an initial goal of reducing aggregate greenhouse gas emissions by 30% by 2030.... read more

Debenhams rejects Mike Ashley GBP40m lifeline

14 December 2018 | Beth Wright

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.... read more

Decathlon's decade-long eco-labelling project

12 December 2018 | Leonie Barrie

Global sporting goods giant Decathlon is nearing the finishing line on a decade-long project that will see all textile and footwear items labelled with their environmental impact by the end of next year. The data is also enabling more eco-friendly design – and will be made freely available to other companies. The retailer has spoken exclusively to just-style about the initiative.... read more