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Debenhams is facing administration after the closure of its 142 stores due to coronavirus putting 22,000 jobs at risk Debenhams could file for administration as early as next week due to closures The coronavirus pandemic has forced the department chain to shut its 142 shops The group currently employs 22,000 staff, with all jobs now … Read more
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
Mike Ashley ally Crispin Odey ‘made £30m after shorting Debenhams stock’ before chain’s crash Odey previously backed the Sports Direct boss in boardroom disputes City sources say he made £30m shorting Debenhams stock before it crashed The short is likely to have contributed to Odey’s strong performance By Ben Harrington, Financial Mail on Sunday Published: … Read more
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
Mike Ashley rages at Debenhams as Sports Direct unveils plans to buy £15m of shares back off investors By City & Finance Reporter for the Daily Mail Published: 21:50 BST, 11 April 2019 | Updated: 21:50 BST, 11 April 2019 Mike Ashley’s firm Sports Direct said it will purchase 5m of its own shares in … Read more
FTSE CLOSE: Pound at $1.30 as May meets Merkel over Brexit; Debenhams slides into administration; US reveals plan for tariffs on $11bn of EU goods The FTSE 100 closed down 26.32 points at 7425.57 Debenhams crashed into administration after Ashley offer was rejected Cake Box said it expects to serve up a 30 per cent … Read more