Tag : Sergio Bucher
Debenhams to launch new in-house brands Subscription
Trading at Debenhams is “showing pockets of growth” despite a slow start to the summer, managing director of fashion and home Steven Cook has told Drapers.
Debenhams is expected to appoint a new chief executive within the next two weeks, Drapers understands.
Updated: Debenhams's CVA within daysSubscription
Debenhams is expected to launch a company voluntary arrangement (CVA) later today to close stores and cut costs, Drapers understands.
Debenhams CEO Bucher to exit this week Subscription
Debenhams has confirmed today that its chief executive Sergio Bucher will step down from the struggling department store chain this week, following its fall into administration.
Debenhams’ new management team must focus on cost cutting, product and store innovation to secure its future in the market, industry insiders have told Drapers.
Debenhams CEO Sergio Bucher to exitSubscription
Debenhams chief executive Sergio Bucher will leave the company following its fall into administration last week, Drapers understands.
Debenhams to relocate London HQSubscription
Debenhams is relocating its head office on London’s Regent’s Place to its flagship store on Oxford Street later this year, as part of its restructuring programme.
No salary hike for Debenhams managementSubscription
Executive directors’ salaries at Debenhams were not increased in November 2018, meaning CEO Sergio Bucher’s pay remained at £700,000 for the 2018 financial year.
Debenhams chairman Sir Ian Cheshire has stepped down from his role after two of the retailer’s major shareholders voted against his re-election to the board.
Debenhams’ decision to close up to 50 stores, cut costs by an additional £30m and reduce its capital expenditure by more than half will set the business up for future success, chief financial officer Rachel Osborne has told Drapers.