Administration

Intu offloads Gateshead Metrocentre to new owner

Sovereign Centros, a real estate operating partner, has taken over the running of the Gateshead Metrocentre from Intu. The site…

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Debenhams bidders given midweek deadline for £300m rescue deal

Potential suitors for the embattled department store chain Debenhams have been given a midweek deadline to make a £300m rescue…

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Mike Ashley considers Jaeger bid

Mike Ashley’s Frasers Group is reportedly considering the acquisition of “heritage” fashion brands Jaeger, Austin Reed and Jacques Vert from…

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TM Lewin owner eyes Jaeger bid

The owner of menswear retailer TM Lewin is reportedly considering a bid for Phillip Day’s embattled retail brand Jaeger. According…

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Edinburgh Woollen Mill to shut 50 stores, 600 jobs at risk

Phillip Day’s Edinburgh Woollen Mill Group (EWM) is reportedly set to shutter 50 of its stores, placing around 600 jobs…

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Richest man in India interested in Debenhams acquisition

India’s richest man is reportedly one of the parties interested in making a bid to acquire Debenhams, according to Sky…

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Philip Day considering sale of Peacocks and EWM

Retail tycoon Philip Day is reportedly considering the sale of his retail chains Peacocks and Edinburgh Woollen Mill (EWM) and…

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Insolvent companies cost taxpayers £250m 

Insolvent companies that were unable to pay their debts in the first six months of 2020 have cost British taxpayers…

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Frasers Group slams Debenhams gagging order

Mike Ashley’s Frasers Group has accused senior Debenhams’ advisors of stopping the department store being financially saved due to a…

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Debenhams owner calls in advisers for its own administration

The holding company of Debenhams, Celine Group Holdings, has appointed advisers to help prepare for its own administration. Celine confirmed…

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