Debenhams

Atmosphere

Real Estate

Landlords Worldwide Approve AllSaints Retail Restructuring

The British retailer had been looking to strike a deal with its landlords to prevent store closures on both sides of the Atlantic.

clock July 7, 2020Samantha Conti

The MallLakeside shopping centre, Thurrock, Essex, Britain - 2008

Financial

U.K. Mall Operator Intu in Administration

Ravaged by store closures, late rent payments and COVID-19 lockdown measures, the troubled company has been unable to strike a deal with creditors.

clock June 26, 2020Samantha Conti

Victoria's Secret store London

Financial

Victoria’s Secret U.K. Explores Refinancing Options, Possible Sale

Parent company L Brands files for credit protection in the U.K., a move that will impact the lingerie business’ 25 U.K. stores.

clock June 5, 2020Kellie Ell and Samantha Conti

Debenhams store

Financial

Debenhams Files for Administration, Liquidates Irish Business

The company, which was forced to close its stores due to COVID-19, is seeking bankruptcy protection.

clock April 9, 2020Samantha Conti

Editorial use only. This image is for Editorial use purposes only. The Image can not be used for advertising or commercial use. The Image can not be altered in any form. Credit should read Pippa Fowles/n10 Downing street. HANDOUT /NO SALESMandatory Credit: Photo by PIPPA FOWLES/EPA-EFE/Shutterstock (10607035g)A handout photo made available by n10 Downing street shows Britain's Chancellor of the Exchequer, Rishi Sunak holding a digital Covid-19 press conference in n10 Downing street in London, Britain, 08 April 2020. Foreign Secretary Raab holds a press conference after British Prime Minister Boris Johnson was moved to the St.Thomas hospital's intensive care unit on 06 April 2020 after his symptoms worsened. Johnson is reportedly in stable condition.Coronavirus in Britain, London, United Kingdom - 08 Apr 2020

Business Features

British Government, Retailers Look to Control COVID-19 Damage

The British government has pledged 750 million pounds to charities, while businesses are moving to mitigate the impact of COVID-19.

clock April 8, 2020Samantha Conti

Debenhams store

Financial

British Retailer Debenhams to Seek Protection From Creditors

The retailer said the move is a result of the COVID-19 lockdown measures, and that it plans to resume trading once U.K. government regulations are lifted.

clock April 6, 2020Samantha Conti

La Bouche Rouge

Beauty Features

What to Watch: Can Beauty Save the British High Street?

Retailers of all kinds are putting beauty at the top of their retail strategies.

clock August 30, 2019Fiona Ma

Pedestrians pass a Debenhams store in Oxford Street in London, Britain, 25 October 2018. According to news reports Debenhams has confirmed plans to shut fifty of it stores across the UK. Some 5,000 jobs may be at risk.Debenhams confirms plans to shut up to 50 stores, London, United Kingdom - 25 Oct 2018

Human Resources

Debenhams Appoints Stefaan Vansteenkiste as Chief Executive Officer

Debenhams names new ceo as chairman Terry Duddy steps down.

clock August 8, 2019Fiona Ma

The Beauty Hall at Harrods

Beauty Features

The British Beauty Council Quantifies the Value of the Beauty Industry in Its Latest Report

Last year alone, the industry generated 27.2 billion pounds in consumer spending.

clock July 19, 2019Fiona Ma

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Retail

Debenhams’ New Beauty Strategy at Forefront of Restructuring Plans

The department store will roll out its new “lab” space concepts across 20 medium-sized stores by the end of the year.

clock June 25, 2019Fiona Ma

Pedestrians pass a Debenhams store in Oxford Street in London, Britain, 25 October 2018. According to news reports Debenhams has confirmed plans to shut fifty of it stores across the UK. Some 5,000 jobs may be at risk.Debenhams confirms plans to shut up to 50 stores, London, United Kingdom - 25 Oct 2018

Retail

Debenhams Names 22 Stores to Close in 2020

In the first phase of the struggling retailer’s restructuring plan, 1,200 jobs could be lost.

clock April 26, 2019Tianwei Zhang

Sergio Bucher, Thea Bregazzi and Justin Thornton'Studio by Preen' launch, London, UK - 04 Apr 2018

Human Resources

Sergio Bucher Steps Down as Debenhams CEO After Refinancing

A search for his successor has begun, and that person will likely be a turnaround expert.

clock April 18, 2019Samantha Conti

L.K. Bennett spring 2017 campaign

Mergers and Acquisitions

Byland U.K. Ltd. Buys L.K. Bennett Out of Administration, Saving 21 Stores, 325 Jobs

Byland was set up by the brand’s Chinese franchise partner, Rebecca Feng.

clock April 12, 2019Fiona Ma

Debenhams store

Retail

Debenhams Files for Administration After Rejecting Mike Ashley’s Takeover Deal

Shareholders’ stakes have been wiped out and the company has suspended trading, but commercial operations are still running. 

clock April 9, 2019Natalie Theodosi and Fiona Ma

Sergio Bucher, Thea Bregazzi and Justin Thornton'Studio by Preen' launch, London, UK - 04 Apr 2018

Human Resources

Two Investors Kick Chairman, CEO Off Debenhams’ Board

Chairman Ian Cheshire has now left the company, while ceo Sergio Bucher remains, despite the demotion.

clock January 10, 2019Samantha Conti

Arrow

Essentialist

Today's Must Read

Jill Soltau has been working to turn around Penney's, but time is running short.

Business

J.C. Penney Losses Deepen

clock 21hDavid Moin

Social Studies