Debenhams announces final store closures after 240 years on the UK high street May 5, 2021 Debenhams has announced that its remaining shops will close for good next week, meaning the department store chain will disappear from the high street after more than 200 years in business. It announced its final 49 stores will be open to customers for the last time on either 12 or 15 May. The retailer previously [...]
Debenhams closes six stores including Oxford Street flagship January 13, 2021 Debenhams has permanently closed six department stores, including its flagship site in Oxford Street, due to the third national lockdown. The retailer had planned to reopen the stores to sell off remaining stock, but the introduction of new Covid-19 restrictions means that sites where it was unable to secure lease extensions will close. The closures [...]
Shakespeare: Boohoo buys Debenhams brand to broaden its customer base January 27, 2021 Online fashion giant Boohoo has bought the Debenhams brand and website for £55 million, meaning its remaining stores will be forced to close. Boohoo already purchased the Karen Millen and Coast brands in 2019, however this is the first time the e-tailer has stepped out of the fashion category, with Debenhams enabling entry to the [...]
It’s all over: Debenhams’ 243-year history ends today as final 28 stores close for good May 15, 2021 Today, Debenhams is to shut its doors for the final time in its 243-year history. The historic department store chain will close its remaining 28 stores across the UK for good tomorrow after the company collapsed amid the fallout of the coronavirus pandemic. It closed 21 other sites across the UK for the final time [...]
Debenhams closure: What next for struggling retail landlords? December 1, 2020 Retail landlords are set to take a multimillion pound hit following the collapse of Debenhams and Arcadia’s fall into administration, and could struggle to fill the space left by closed flagship stores. Many property owners, which have already been impacted during the pandemic due to a spike in retail restructurings and renegotiated rents, will lose [...]
Debenhams closure: Timeline of department store chain’s collapse December 1, 2020 Department street chain Debenhams announced this morning that it is preparing to close down after failing to attract a buyer, but the former high street giant’s problems stretch back over several years. Earlier this year the struggling retailer entered administration for the second time in 12 months, even before Covid-19 forced it to close its [...]
JD Sports to quit Debenhams rescue talks today December 1, 2020 JD Sports is expected to pull out of rescue talks with high street department store Debenhams today. The sports retailer was the last remaining bidder for Debenhams, which is in administration, and up until last week was ready to go ahead with the deal, according to the BBC. The recent collapse of Arcadia is understood [...]
Boohoo buys Debenhams brand and website for £55m – but stores set to close January 25, 2021 Online retail giant Boohoo has announced it will buy Debenhams’ brand and website for £55m, but will not rescue the high street chain’s stores or jobs. The deal – announced this morning – means Debenhams’ remaining 118 department stores will close down and could result in up to 12,000 job losses. Boohoo said the acquisition [...]
Debenhams set to close putting 12,000 jobs at risk December 1, 2020 Beleaguered department store Debenhams is set to close down after administrators were unable to find a buyer, putting around 12,000 jobs at risk in the latest blow to the struggling UK high street. Administrators FRP Advisory announced this morning that they have commenced a wind-down of Debenhams UK, while continuing to seek offers for all [...]
Philip Green’s Arcadia collapse to push Debenhams to the brink November 29, 2020 The imminent collapse of retail group Arcadia will push Debenhams to the brink of liquidation, as potential buyer JD Sports considers backing out of the deal. JD’s board was supposed to decide whether to go through with the Debenhams acquisition by the end of last week, but has had second thoughts after learning that Arcadia [...]