Debenhams

Lone Star drops out of Asda race

US private equity firm Lone Star has reportedly dropped out of the £6.5bn race to acquire Asda from Walmart. According…

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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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Rethinking your staffing requirements to survive the recession

With a new CBI survey revealing the highest level of retail job cuts since the 2009 crisis, lockdown restrictions, a…

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Asda future could be decided this week as takeover deadline looms

The future of ‘Big Four’ grocer Asda could be decided as early as this week, as rival private equity firms…

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Mike Ashley warns PM of rates review delay

Retail tycoon Mike Ashley has reportedly written to prime minister Boris Johnson warning of the “disastrous consequences” if the government…

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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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Ex-Asda and Debenhams chiefs in rival £6.5bn bids for Asda

Retail bosses Paul Mason and Rob Templeman are reportedly set to launch rival £6.5bn bids for supermarket giant Asda. According…

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Hamleys CEO to step down

Hamleys chief executive, David Smith, is to step down from the position after only six months with the iconic toy…

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Debenhams draws up contingency plans for potential liquidation

Debenhams has reportedly drawn up contingency plans in the event of a potential liquidation, as it continues to weather the…

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