Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Losses widen at Debenhams’ Irish arm

Debenhams’ Irish business has recorded a 21% rise in full year pre-tax losses to €8.4m (£6m) due to the weakness of the euro against sterling.

Revenues increased marginally for the year to August 31, from €162.1m (£117m) to €163.5m (£118m).

However, the business, which has 11 stores in the Republic of Ireland, lost €2.2m (£1.58m) on its borrowings due to foreign exchange rates, compared to a loss of €197,000 (£142,277) in 2013.

The department store chain said it expected the commercial environment in Ireland to remain challenging this year.

Debenhams entered the Irish market by acquiring the leases for nine Roches Stores for €29m (£20.9m) in 2006. It employs 1,700 people locally.

In total, the group operates 240 stores across 28 countries.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.