Tag : Debenhams
Landlords are likely to vote in favour of Debenhams’ proposed company voluntary arrangement (CVA) and may use the negotiations to break up larger units, property experts have told Drapers.
Profits plummet at DebenhamsSubscription
Adjusted EBITDA at Debenhams dropped by 36.6% to £65.9m in the 26 weeks to 2 March, as a result of lower sales and a decline in gross margins.
Debenhams reveals stores to close under CVASubscription
Debenhams has proposed a company voluntary arrangement (CVA), which if approved would result in 22 store closures in early 2020.
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.
Sports Direct CEO Mike Ashley is calling for the resignation of FTI Consulting, the administrators for Debenhams, after his stake in the department store chain was wiped out.
Debenhams landlords brace for CVA after pre-packSubscription
Debenhams landlords are preparing for the retailer to launch a company voluntary arrangement (CVA) to reduce costs, after entering a pre-pack administration today.
Sports Direct has called Debenhams’ pre-pack administration a “national scandal”, and called for the process to be reversed in favour of a “full, better and appropriate solvent solution”.