JD Sports in exclusive talks with Debenhams to buy department store November 24, 2020 JD Sports is in exclusive talks with Debenhams that would see the troubled department chain acquired by the sportswear business, according to reports. Debenhams fell into administration in April for the second time. The coronavirus has hit the destitute department store hard, with stores closed and thousands of jobs axed due to the virus. According [...]
Authentic Brands in talks over double swoop for Arcadia and Debenhams – report December 13, 2020 US retail giant Authentic Brands is planning an audacious double swoop for collapsed Arcadia and Debenhams in a deal that would transform the high street. The firm, which recently took over historic New York department store Barneys, is in talks with the administrators of the two companies this weekend. The Sunday Telegraph reported that the [...]
Stephan Shakespeare: Could Mike Ashley bring in customers to save Debenhams? December 9, 2020 Customers of Mike Ashley’s Fraser’s Group are typically more likely to consider buying from struggling department store Debenhams, YouGov research has revealed. It has been a tough year for retail but Debenhams has been hit particularly hard, with several of its stores closing their doors in May. Now, liquidators have been brought in to start [...]
Mike Ashley’s Frasers Group confirms Debenhams rescue talks December 7, 2020 Mike Ashley’s Frasers Group confirmed it is in negotiations with Debenhams for a potential rescue deal, a week after the department store fell into administration. In a statement this morning, Frasers Group confirmed it is in talks with Debenhams’ administrators “regarding a potential rescue transaction”. It came with the caveat that there was little time [...]
Mike Ashley’s Frasers Group eyes last minute rescue of Debenhams December 6, 2020 Billionaire retail tycoon Mike Ashley is reportedly trying to rescue Debenhams in a bid that could save 12,000 jobs. Ashley, who founded retail giant Frasers Group and was previously a major Debenhams shareholder, is reportedly trying to thrash out a deal that would see the retailer valued at more than £200m. The retailer went into [...]
Debenhams website crashes as bargain hunters swoop on collapsed department store December 2, 2020 Debenhams’ website has crashed as bargain hunters swooped to snap up discounted items after the department store collapsed yesterday. Customers are being placed in a virtual queue while the retailer deals with a surge in demand. However the website has crashed several times after being overwhelmed by shoppers. Administrators announced yesterday that Debenhams will close [...]
Debenhams shuts Irish website as Brexit ‘rule of origin’ clause leaves businesses blindsided January 7, 2021 Debenhams has shut its online business in Ireland as it is unable to send orders to the Republic of Ireland due to new Brexit trade rules. The business, which is in administration, said the website was “temporarily closed” but gave no details on if and when it would be back online. The website apologised to [...]
Fashion victims: What next for the high street after Topshop and Debenhams go online-only? January 25, 2021 Topshop and Debenhams are set to disappear from the high street after e-commerce giants Boohoo and Asos swooped on the beleaguered retailers, reflecting the dramatic impact the pandemic has had on the UK retail sector. The decision to take former high street stalwarts Debenhams and Topshop digital-only strengthens experts’ predictions that the growth of online [...]
Debenhams boss insists retailer is not on a cliff edge September 4, 2020 The chairman of Debenhams has insisted that the struggling department store chain is not facing a cliff edge. Chairman Max Gifford said the business, which recently entered administration for the second time in a year, has been doing better than expected. Fears have been mounting about the retailer’s future following reports that Administrator FRP Advisory [...]
Retail mogul Mike Ashley makes fresh bid for Debenhams October 18, 2020 Sport Direct tycoon Mike Ashley has reportedly made a fresh bid for Debenhams, reviving his long-standing pursuit of the department store chain. The retail billionaire this month submitted an improved offer as the auction for Debenhams nears its final stages, the Sunday Times reported. Debenhams, which collapsed into administration in April, has hired Lazard to [...]