Debenhams
This coverage examines Debenhams’ trajectory, strategies, and impact within the UK retail sector. Reporting focuses on store operations, online developments, financial performance, brand repositioning, product ranges, and executive changes. Designed for retail professionals, it offers analysis of commercial decisions, market challenges, and opportunities relevant to department store management and broader apparel and homeware retailing.
-
Mar- 2019 -27 MarchHigh Street
Sports Direct considers £61.4m bid for Debenhams
Sports Direct, owned by Mike Ashley, is considering a £61.4m bid to take control over embattled department store chain Debenhams, despite the retailer rejecting its previous proposals. The sportswear retailer said the possible offer is “pre-conditional” upon Debenhams immediately appointing Ashley as its CEO and terminating the noteholder consent solicitation…
Read More » -
26 MarchClothing & Shoes
Sports Direct considers cash offer for Debenhams
Sports Direct has revealed it is mulling over a cash offer for embattled department store Debenhams, despite the retailer rejecting its previous proposals. Sports Direct said Debenhams’ current restructuring and refinancing process was “likely to result in an adverse outcome” for its existing shareholders. The sportswear retailer has made several…
Read More » -
25 MarchDepartment Stores
Sports Direct slams Debenhams for rejecting £100m offer
Sports Direct has criticised Debenhams for rejecting its offer to acquire its Danish company Magasin Du Nord for £100m. On Friday (22 March), the struggling department store announced it had secured a £200m refinancing lifeline, shortly after Mike Ashley’s Sports Direct made the proposal which gave Debenhams the 12 month…
Read More » -
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…
Read More » -
14 MarchNews
Sports Direct offers Debenhams £150m loan
Debenhams has confirmed it is considering an offer made by Sports Direct for a £150m unsecured 12 month loan. The news comes after the department store announced it was in discussions with its lenders to obtain the funding, a move which seemed to counter shareholder Mike Ashley’s attempt to appoint…
Read More » -
11 MarchDepartment Stores
Debenhams in talks to secure £150m lifeline
Embattled department store Debenhams has confirmed it is in “advanced negotiations” to secure £150m funding from its lenders just a week after it issued another profit warning. The company saw a drop in sales for the half year to 2 March, leading it to say the profit expectations it announced…
Read More » -
8 MarchDepartment Stores
Mike Ashley moves to take control of Debenhams
Mike Ashley has announced plans to remove all the directors at Debenhams, except Rachel Osborne who was appointed in September, and appoint himself to the board in an executive role. Ashley, who holds a 30% stake in the department store chain, pledged in a stock exchange announcement on Thursday evening…
Read More » -
5 MarchDepartment Stores
Debenhams issues fresh profit warning
The statement Debenhams made in January to say it was on track to deliver profits in line with last year’s expectations is “no longer valid” as the department store chain reported a drop in sales. The group’s like-for-like sales fell by 5.3% in the 26 weeks to 2 March 2019…
Read More » -
4 MarchClothing & Shoes
Former Debenhams and John Lewis director to launch own brand
Jo Hooper, a former womenswear director at John Lewis and Debenhams is set to launch her own clothing brand. Named Nrby, the new brand will launch with a pop-up store in London’s Belgravia area according to reports by Drapers with a website said to be launched later this week. Nrby’s…
Read More » -
Feb- 2019 -12 FebruaryDepartment Stores
Debenhams secures £40m cash injection
Debenhams has received a £40m cash injection from lenders in order to buy it more time as it looks to secure a longer term investment deal. The new investment allows the retailer to extend its current £520m borrowing facilities with banks for another 12 months, meaning it will be able…
Read More »
