axe

Debenhams to axe 19 sites ‘within weeks’ as it begins store closures

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Debenhams faces a make-or-break year as it begins a massive programme of store closures. Three stores closed last year, 19 shops will shut their doors between January 11 and 25, and a further 28 will follow next year. The list of 19 includes stores in Eastbourne, Guildford, Wolverhampton and Canterbury. It is part of a … Read more

FTSE LIVE: Aviva to axe 1,800 jobs; Joules shrugs off retail blues with sales rise

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FTSE CLOSE: Aviva to axe 1,800 jobs; Ford to close Bridgend plant; Fiat Chrysler walks away from Renault merger Insurance giant Aviva to cut 1,800 jobs in a bid to save £300million   Fiat Chrysler has shelved its ambitions to merge with Renault  Sales at fashion firm Joules rose 17% to £218million in its last full … Read more

Plan to restructure Debenhams could take up to two years as 50 stores face the axe 

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Plan to restructure department store chain Debenhams could take up to two years as 50 stores face the axe The department store chain spiralled into administration last week The £2.3billion turnover company plans to close as many as 50 of its 165 stores  All the stores are expected to stay open until Christmas  By Neil … Read more