Tag : Debenhams
Moody's reassesses New Look and Debenhams Subscription
Credit ratings agency Moody’s has downgraded New Look’s senior secured notes rating and changed the outlook on Debenhams’ corporate family rating and probability of default rating from stable to negative.
Suppliers’ fears for Debenhams mount Subscription
Suppliers have expressed concern about the future of Debenhams following last week’s revolt by Mike Ashley at the retailer’s annual general meeting.
Mike Ashley’s shock revolt at Debenhams’ shareholder meeting could be the first salvo in an attempt to gain control of the business, retail experts have said.
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.
Today’s crop of Christmas trading updates underlined the extent to which discounting now holds fashion retailers to ransom.
Group like-for-like sales at Debenhams dipped 3.4% in the six weeks to 5 January, as the department store chain battled “challenging” trading conditions and the growing pressure to discount.
Christmas reprieve for M&S and DebenhamsSubscription
Marks & Spencer and Debenhams are reportedly set to announce small drops in sales over the Christmas period this week, but have avoided having to issue profit warnings, thanks to a last-minute surge in festive spending.
The chairman of Debenhams has challenged Sports Direct boss Mike Ashley to table a formal bid to buy the department store chain, in which he owns a 29% stake.
Fashion retail's highs and lows of 2018Subscription
As this year comes to a close and a new one approaches, Drapers recaps the twists and turns in the retail industry over the past 12 months
Drapers’ Power 100 list of the people shaping the fashion retail industry today