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Analysts: Debenhams Store Closures ‘Inevitable’

Analysts warn that at least 50 Debenhams stores are expected to close across the United Kingdom despite reassurances from the retailer last Tuesday. Yesterday, Debenhams...

Mike Ashley Offers To Underwrite Debenhams Rescue But He Must Be...

Today, citing two sources, the Financial Times reported that Mike Ashley, the owner and chief of Sports Direct, has offered to underwrite a 150...

Sports Direct Proposes Alternative Interest-Free Loan Deal To Ailing Debenhams

Today, Sports Direct revealed that it has made an alternative loan proposal to Debenhams, the troubled department store chain, as the latter was on the...

Mike Ashley Planning To Drop Roles In Sports Direct To Run...

Earlier today, Sports Direct announced that Mike Ashley, the Chief Executive Officer of the firm, is planning to step down from his current role and...

Debenhams Set To Report Huge Losses And Job

This evening, the scale of troubles that are faced by Debenhams, the beleaguered high street giant, unfolded with some reports that the department store...

Sports Direct: Mike Ashley Not Blocking Sale of Debenhams’ Danish Arm

On Sunday evening, Sports Direct has denied the reports that Mike Ashley, its boss, is trying to hinder a sale of Magasin du Nord, the Danish...

90 Jobs At Debenhams At Risk Amidst Cost-cutting Drive

Up to 90 jobs at Debenhams is at risk of being slashed as the struggling department store chain attempts to pursue a cost-cutting drive...

Pressure Increases on Debenhams as Shareholders Informed to Revolt Over Pay

By Mtaylor848 (Own work) via Wikimedia Commons Today, an influential investor advisory group informed the shareholders of Debenhams to oppose the pay package of Sergio...

House of Fraser Asks for Support of Landlord to Reduce Rents

By Simeon87 (Own work) via Wikimedia Commons House of Fraser, a department store in the United Kingdom has requested its landlords for “support,” appealing...

Debenhams Demands for ‘Immoral’ Supplier Discounts

Debenhams has come under new criticism for its treatment of suppliers after it surfaced that the retailer had asked for abrupt discounts for paying...

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