Tag : Debenhams
Sports Direct’s Mike Ashley has tabled a last-minute £150m cash injection for Debenhams on the condition that he is named chief executive of the department store chain.
Moody's downgrades DebenhamsSubscription
Credit ratings agency Moody’s has downgraded Debenhams as a restructuring looks set to involve losses for the department store’s financial creditors.
Debenhams suppliers ‘in the dark’ as pre-pack looms Subscription
Debenhams suppliers have told Drapers they have been “left in the dark” and fear for the future, as the department store chain prepares to restructure, which may result in a pre-pack administration.
Sports Direct mulls launching customer creditSubscription
Mike Ashley is considering launching a consumer credit facility in a bid to boost Sports Direct’s growth.
Sports Direct Group says it has been contacted by Debenhams shareholders expressing their support for the appointment of Mike Ashley as Debenhams’ CEO.
Debenhams secures temporary lifelineSubscription
Debenhams has agreed a £200m refinancing deal with its existing lenders that leaves the door open for Sports Direct to formally table an offer for the business.
Mike Ashley lambasts Debenhams' refinancing planSubscription
Sports Direct CEO Mike Ashley has responded to bondholders backing Debenhams’ refinancing plan, claiming that “if there were any justice in the world, the majority of the advisers would be put in prison”.
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.
Debenhams bondholders back refinancing plansSubscription
Debenhams’ refinancing plans, which included asking lenders for a £200m cash injection, have been approved by bondholders.
Sports Direct would offer £61m for DebenhamsSubscription
Sports Direct has given more detail on its possible cash offer for Debenhams, which would block the department store chain from entering a company voluntary arrangement (CVA) or pre-pack administration.