Debenhams CEO Sergio Bucher is reportedly expected to step down within the next few days, a week after the department store chain fell into administration and was taken over by its lenders. A source

Mike Ashley’s Sports Direct has threatened Debenhams’ administrators with legal action after the department store fell into administration last week, wiping out Ashley’s near 30 per

New York – Hours before Debenhams made public its ‘pre-packed administration’ deal, Mike Ashley, founder and owner of Sports Direct, made a last-minute offer to the ailing retailer.

New York – Earlier this week the British department store chain entered administration after struggling for years with shrinking margins, rising costs and a loss of consumers’ interest in

British department store chain Debenhams has entered into administration today, April 9, following the rejection of Sports Direct boss Mike Ashley’s 200 million pound rescue plan. The retailer&

Debenhams may fall into pre-pack administration today after its rejection of a fresh funding offer worth 200 million pounds from Sports Direct, made on Tuesday this week. The company has announced su

Debenhams has announced the agreement of a 200 million pound refinancing lifeline with its lenders as the embattled retailer continues to fend off a takeover bid by Mike Ashley's Sports Direct. In a

Debenhams bondholders have given the green light for a 200 million pound refinancing scheme that hopes to breathe life into the struggling department store chain. In an announcement on Thursday, Debe

Mike Ashley’s Sports Direct has announced it is considering making a 61.4 million pound offer for Debenhams. The possible firm offer would see Sports Direct, which already owns a near 30 perce

Mike Ashley’s Sports Direct has offered to buy Debenhams’ Danish business, Magasin Du Nord, for 100 million pounds. The move comes as part of Ashley’s ongoing takeover bid for the

Debenhams has asked its existing lenders for a 200 million pound cash injection as it continues to fend off a takeover bid from Mike Ashley’s Sportsdirect. In a statement on friday, Debenhams s

Mike Ashley’s Sports Direct released a new statement on Thursday requesting a meeting of shareholders at Debenhams in a bid to appoint Ashley to the company’s board. The statement also re

Debenhams has said it will give “careful consideration” to a 150 million pound interest-free loan offered to the company by Mike Ashley’s Sports Direct. The loan was offered in a st

Struggling department store chain Debenhams has confirmed that it is in advanced talks with the existing lenders about additional facilities of approximately 150 million pounds. The company said in a

Retail tycoon Mike Ashley has announced his intention to take over the struggling department store chain Debenhams. Sports Direct International announced through a statement that it has requisitioned

Department store chain Debenhams has issued a new profit warning as its sales continue to fall. In its latest trading update, the retailer said that its 10 January statement that the company was "on

London - Struggling department store chain Debenhams has secured a 40 million pound cash injection following talks with its lenders to keep the retailer “on a stable footing for a sustainable a

Troubled high-street retailer Debenhams may pull shutters on 20 stores under a company voluntary arrangement (CVA), according to a BBC report. The report added that the company is negotiating with it

Terry Duddy, the non-exec director of property development company Hammerson, is to leave the company with immediate effect, and will join Debenhams as interim chairman. Hammerson said the departure

At its annual general meeting held yesterday, Debenhams plc Chairman, Sir Ian Cheshire informed the company of his decision to step down from the board with immediate effect. The company said that Si

Debenhams plc, in its trading update for the 6 weeks and the 18 weeks to January 5, 2019 said that against a challenging market backdrop, the group is currently on track to deliver current year profi

New York - The first week of January is crucial as main apparel retailers in the UK share their Christmas trading updates. After John Lewis enjoyed the benefits of last-minute shopping, the City expe

If you feel like the news on Monday that Laura Ashley would be closing 40 of its stores felt oddly familiar, it’s because it is. The UK is facing an increasing amount of store closures, and the

Sports Direct owner Mike Ashley has lashed out at Debenhams after the UK retailer refused his offer of a 40 million pound cash injection, according to the Daily Telegraph. In a letter published by th

London - First came the collapse of BHS, followed by House of Fraser and now Debenhams. Even John Lewis is suffering from an all-time trading low. And then there is longtime suffering Marks and Spenc

Debenhams plc in its preliminary results announcement for the 52 weeks to September 1, 2018, said that the group gross transaction value decreased by 1.8 percent to 3,745 million dollars and group re

London - Embattled department store Debenhams is facing a barrage of problems as its leading credit insurer will no longer cover the retailer’s suppliers. Atradius, a longtime insurance provid

Following media speculations surrounding its turnaround measures, Debenhams Plc has announced through a statement that subject to audit, it expects to report pre-exceptional pre-tax profit for FY2018

Troubled department store chain Debenhams has roped in advisors from KPMG to assess various options including company voluntary arrangement (CVA) to cut costs and drive sales, reports BBC. Recently,

Debenhams has announced the launch of two beauty initiatives called Beauty Club Community and Beauty Halls of the Future, this month. Commenting on the initiatives, Richard Cristofoli, Managing Direc