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Debenhams collapse was ‘just bad luck’ (says man who made millions running chain) By Richard Marsden for the Daily Mail Published: 22:00 GMT, 8 February 2021 | Updated: 22:00 GMT, 8 February 2021 A former chairman of Debenhams who made multi-million pound personal gains from the store has claimed its downfall was due to ‘bad … Read more
Almost 20,000 women set to lose jobs following collapse of Arcadia and Debenhams as online giants Boohoo and Asos stalk High Street titans Hundreds of stores are expected to close Women will bear the brunt of the closures as they comprise four in five of the workforce It will cause a headache for the Chancellor: … Read more
PM pal’s bid to save Debenhams pension: City dealmaker in talks to snap up stricken fund – and safeguard payouts for its 15,000 members Edi Truell’s Pension Superfund has held detailed discussions with the Debenhams administrator and The Pensions Regulator Truell once worked for Boris Johnson A deal would mean many of the Debenhams scheme’s 15,000 … Read more
Debenhams deal will thrust Boohoo to the top table of retailers, claims online fashion retailer’s billionaire co-founder By Daily Mail City & Finance Reporter Published: 21:51 GMT, 25 January 2021 | Updated: 21:51 GMT, 25 January 2021 Boohoo bosses have hailed its ‘transformational’ £55million deal to buy Debenhams as a stepping stone to it becoming … Read more
The playboy son of Boohoo’s billionaire boss hailed his father’s £55million takeover of Debenhams by revealing the family used to shop there every Saturday ‘looking for cheap TVs’. Boohoo owner Mahmud Kamani today bought the Debenhams brand with plans to make it an online-only operation – putting up to 12,000 jobs at risk as he … Read more
Online fashion retailer Boohoo has confirmed it has bought the Debenhams brand for £55 million and will relaunch the department store as an online-only operation from next year. Bosses said the deal will not include saving Debenhams’ stores which will close for good as part of a structured winding down of the business. Debenhams started … Read more
Online fashion brand Boohoo is set to buy collapsed department store group Debenhams in a cut-price £50million deal, insiders claim. The deal would result in the closure of all of Debenhams’ remaining department stores and is expected to be announced in the next few days – but the retailers are yet to confirm reports. Debenhams started a … Read more
Multi-millionaire private equity tycoons who masterminded a takeover which left Debenhams loaded with £1.2billion of debt are facing calls to bail out its stricken pensioners. The 243-year-old department store firm collapsed after a loss of £491.5million in 2018, buckling under the impact of online competition and a failure to invest in stores and products. Although … Read more
Debenhams to close six branches, including its flagship London store, with 320 job losses By City & Finance Reporter for the Daily Mail Published: 22:29 GMT, 13 January 2021 | Updated: 22:29 GMT, 13 January 2021 Department store chain Debenhams has said it will permanently close six branches, including the flagship Oxford St shop Department … Read more
Debenhams will shut the chain’s flagship Oxford Street store along with five others permanantly as the liquidation of the historical chain continues. The department store closures will result in the loss of around 320 jobs, with stores in Portsmouth, Staines, Harrogate, Weymouth and Worcester closing their doors for good. The company started a liquidation process last … Read more