Cheshire
This coverage examines retail developments and regeneration efforts across Cheshire, focusing on key towns such as Crewe, Winsford, Northwich, and Congleton. Reporting includes major projects like Crewe’s Royal Arcade development, which features a new bus station and multi-storey car park, and Winsford’s £22.5m town centre regeneration, the largest investment since the 1960s. Additionally, the content highlights initiatives in Northwich’s Weaver Square and Congleton’s Market Quarter, reflecting efforts to revitalize town centres and adapt to changing consumer habits. This information is curated for retail professionals assessing market opportunities, urban regeneration impacts, and the evolving retail landscape in Cheshire.
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Apr- 2019 -9 AprilDepartment Stores
Debenhams enters pre-pack administration
Debenhams has entered pre-pack administration and gone into the control of its lenders following the department store’s rejection of Sports Direct’s offer to underwrite £150m equity issuance. The pre-pack administration will see all of the company’s shareholders – including Sports Direct which has a 30% stake – wiped out and…
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Mar- 2019 -22 MarchDepartment Stores
Debenhams secures £200m lifeline
Embattled department store Debenhams has confirmed it has secured a £200m refinancing lifeline. The funding is expected to “provide liquidity headroom” for its future funding needs and “deliver stability for its customers, staff, suppliers and pension holders”. Earlier this month, the company said it was considering a £150m cash injection…
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Feb- 2019 -4 FebruaryDepartment Stores
Debenhams to ‘close 20 stores’ in CVA plan
Debenhams could reveal plans to close 20 stores as this week, the embattled department store chain will announce it has secured a cash injection from its lenders. According to the Sunday Telegraph, Debenhams wants to reduce its store portfolio to 90 outlets over the next five years, resulting in the…
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1 FebruaryHigh Street
Moss Bros eyeing Debenhams interim chair
Fashion retailer, Moss Bros is looking at Debenhams interim chair Terry Duddy to replace its outgoing chair Debbie Hewitt. Duddy, who used to lead Home Retail Group, the group responsible for Argos, Habitat and Homebase is on a shortlist of targets according to reports by Sky News. Duddy took over…
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Jan- 2019 -10 JanuaryDepartment Stores
Debenhams chairman ousted by Mike Ashley
The chairman of Debenhams, Sir Ian Cheshire, has resigned with immediate effect after Mike Ashley and other shareholders voted him off the board at the company’s AGM. It is understood Sports Direct, which is controlled by Mike Ashley and is a 29.7% shareholder in the business, along with Dubai-based Landmark, another…
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Sep- 2018 -17 SeptemberDepartment Stores
Sports Direct denies Mike Ashley will block Debenhams’ Magasin du Nord sale
Sports Direct has denied the claims which emerged over the weekend that Mike Ashley will attempt to block a sale of Debenhams’ Magasin du Nord business. Reports had suggested the Sports Direct boss could block Debenhams attempt to raise cash through the £250m deal, in order to buy the store…
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11 SeptemberDepartment Stores
Debenhams releases statement amid closure rumours to calm investors
Debenhams has released an official statement in response to rumours it was preparing to shutter stores and enter a CVA following the reported appointment of advisory firm KPMG. The department store said “following recent media speculation” it would issue its preliminary results on 25 October 2018 saying it expected a…
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Jun- 2018 -12 JuneClothing & Shoes
Henri Lloyd to slash 128 jobs despite coming out of administration
Henri Lloyd is to be brought out of administration by a company called Aligro UK Limited, and it will continue to trade from stores in Salcombe, Dartmouth, Cowes, Cheshire Oaks and Lymington. The stores kept open will save 38 jobs, however 128 jobs in total will be axed as stores…
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4 JuneShopping Centres
Northwich shopping centre faces demolition for new multi-million pound project
The Weaver Square area of Northwich,Cheshire West and Chester which includes a significant shopping centre, will be demolished and replaced by a multi-million pound masterplan. A partnership between Cheshire West and Chester Council and Public Sector PLC, PSP Cheshire West and Chester LLP, are managing the project on behalf of…
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