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Debenhams Plc

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Retailers begin to outline store reopening plans – Update

16 June 2020 | just-style

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.... read more

Three more Debenhams stores will remain closed after lockdown

10 June 2020 | Beth Wright

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. ... read more

Debenhams collapse hits sourcing operation hard

12 May 2020 | Hannah Abdulla

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

Seven Debenhams stores will remain closed after lockdown

20 April 2020 | Beth Wright

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

Global retail closures as coronavirus spreads – Update

15 April 2020 | just-style

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. ... read more

Debenhams appoints administrators

9 April 2020 | Beth Wright

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

Debenhams to enter "light touch" administration

6 April 2020 | Michelle Russell

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.... read more

Debenhams preparing to file for administration?

3 April 2020 | Beth Wright

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.... read more

Debenhams asks for rent cuts amid fears of second CVA

23 March 2020 | Michelle Russell

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.... read more

Debenhams' CVA challenge rejected by courts

11 March 2020 | Michelle Russell

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.... read more

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