Debenhams to be wound down as JD Sports ends rescue talks
1st Dec 2020 09:06
(Sharecast News) - It was a grim day for the UK retail sector as beleaguered department store chain Debenhams was set to be liquidated following failed rescue talks with JD Sports, just hours after Philip Green's Arcadia retail group went into administration.
Read moreDebenhams to reopen 50 stores next week
4th Jun 2020 15:14
(Sharecast News) - Beleaguered department store chain Debenhams said on Thursday that it will reopen "the vast majority" of its UK stores from next week.
Read moreDebenhams appoints HoF veteran Mark Gifford as chairman
25th Oct 2019 13:22
(Sharecast News) - Department store chain Debenhams said on Friday that it has appointed House of Fraser veteran Mark Gifford as chairman of its parent company.
Read moreDebenhams CFO Osborne stepping down
26th Sep 2019 11:40
(Sharecast News) - Struggling department store chain Debenhams has announced the departure of chief financial officer Rachel Osborne after a year in the job.
Read moreTed Baker signs childrenswear deal with Next
16th Aug 2019 07:02
(Sharecast News) - Ted Baker has signed a five-year deal with Next to produce and sell Ted Baker childrenswear from spring 2020.
Read moreDebenhams CEO Sergio Bucher steps down
18th Apr 2019 15:21
(Sharecast News) - Debenhams said on Thursday that chief executive officer Sergio Bucher has decided to leave the company following its refinancing.
Read moreDebenhams calls in administrators, operations sold to lenders
9th Apr 2019 12:21
(Sharecast News) - Debenhams called in the administrators just before midday on Tuesday, with the entire underlying operating company immediately sold to the departments store group's lenders.
Read moreDebenhams lenders rebuff improved Sports Direct proposal
9th Apr 2019 07:26
(Sharecast News) - Mike Ashley's Sports Direct made an improved proposal to Debenhams on Tuesday morning, offering to underwrite a larger rights issue and reducing its demands for lenders to write off debt.
Read moreDebenhams rejects Sports Direct offer to underwrite rights issue
8th Apr 2019 07:53
(Sharecast News) - Debenhams was on course to be put into administration within 24 hours as it rejected an offer from Sports Direct boss Mike Ashley to underwrite a £150m rights issue.
Read moreSports Direct holds back from Debenhams bid
1st Apr 2019 07:11
(Sharecast News) - Rather than emerge with a full takeover bid, Sports Direct has prepared a template letter for other shareholders in Debenhams to use as part of boss Mike Ashley's push to install himself as chief executive of the troubled department store group.
Read moreDebenhams offers olive branch to Ashley after securing £200m refinancing
29th Mar 2019 09:45
(Sharecast News) - Debenhams has secured £200m of cash from its lenders but said it remained open to Sports Direct making a takeover offer or underwriting a rights issue or a loan of its own.
Read moreDebenhams ploughs on with ?200m refinancing plan
28th Mar 2019 09:20
(Sharecast News) - Debenhams said on Thursday that it had achieved the requisite level of consent from its bondholders to carry out the next stage of its refinancing plans, which it has warned could lead to shareholders being wiped out.
Read moreMike Ashley lashes out at Debenhams after latest tilt rebuffed
25th Mar 2019 12:17
(Sharecast News) - Sports Direct has criticised Debenhams, after the beleaguered department store refused to sell billionaire Mike Ashley its Danish business.
Read moreDebenhams shocks with ?200m loan plan, Sports Direct has other ideas
22nd Mar 2019 09:20
(Sharecast News) - Debenhams shares collapsed 64% to 1p on Friday as the department store group announced plans for a new fundraising, bringing a swift response from its largest shareholder, Sports Direct.
Read moreSports Direct tries again with Debenhams EGM demand
21st Mar 2019 10:49
(Sharecast News) - Sports Direct's Mike Ashley has for the second time requisitioned a general meeting of Debenhams as his first effort was declared null and void.
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