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Department Stores

Debenhams CEO to step down

Steven Cook is leaving the department store chain as operations continue to wind-down

Steven Cook is reportedly stepping down from his position as CEO of Debehmans, according to Drapers.

Cook joined Debenhams in 2017 as managing director, overseeing the division’s buying, design and merchandising for fashion and home.

In an internal message sent to staff, and seen by Drapers, Hazell said: “Steven Cook has decided to step down as co-CEO and will be leaving the business at the end of the month. In his typically generous way, he has offered to remain available in an advisory capacity for the coming weeks.

Steven has been an absolute tower of strength throughout this period and it is hard to believe he only joined us at the beginning of 2018 as it seems so much longer.”

He added: “In that time, he has reorganised the structure of the trading teams and showed us all how to do more with less. 

“He has led the business, alongside myself, since the administration and his ability to keep us focused on delivering a trading performance that has consistently been above expectations has been exemplary.”

Earlier this week, it was announced that Boohoo Group had acquired the department store chain’s website and brand for £55m.

The acquisition does not include Debenhams’ 124 stores, financial services or stock, and all 12,000 staff members will be made redundant.

Mike Hazell, co-CEO and CFO of the group, is set to oversee the end of the business’ operations.  

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