Debenhams

Retail Asia03/12/2020

public-news-tmp-85019-debenhams-default-1280-1024x614.jpg

British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Advisory announced on Tuesday. FRP will commence a wind-down of the business, which was founded back in 1778, spelling the end of 12,000 jobs, mainly in the UK. It has 124 stores there and in Denmark, where it […]

Retail Asia21/04/2020

British multinational department store Debenhams has begun liquidation of its operations in Hong Kong, along with its operations in Ireland and Bangladesh. The move comes a week following filing for administration in the UK, according to a report in Retail Gazette. All of Debenhams’ Hong Kong staff will have their positions terminated as the liquidation […]

Retail Asia02/04/2019

Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering. The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to £200 million (A$373.1 […]

Retail Asia23/04/2018

Debenhams profit plunged 84 per cent in the half year to March 3. The UK department store operator says its like-for-like sales fell 2.2 per cent during “challenging conditions” in its home market. Its pre-tax profit fell from £87.8 million in the same period last year to £13.5 million. The company said a major contributor […]

Retail Asia24/10/2017

British retailer Debenhams has kicked off in the Australian market, today launching its first local department store at St Collins Lane in Melbourne. The heritage name said it has taken a deliberate shift away from the traditional department store format in Australia and will offer exclusive brands in a small-format layout – across two storeys […]

Retail Asia18/01/2017

John Lewis fashion sales rose a tremendous 7.2 per cent over Christmas – eclipsing the UK department store’s rivals, even robust performances by Debenhams, M&S and House of Fraser. Own brand collections continued to strengthen throughout 2016, with the inclusion of Modern Rarity filling a gap in its private label brand portfolio by appealing to […]

Retail Asia21/11/2016

US private-equity company General Atlantic has made its first investment in Indonesia by buying into lifestyle retailer Mitra Adiperkasa (Map). It has subscribed for Rp1.08 trillion (US$80.5 million) in bonds issued by Map which are convertible into shares in its F&B subsidiary Map Boga Adiperkasa (MBA), which runs Cold Stone Creamery, Godiva, Krispy Kreme, Pizza […]

Retail Asia31/10/2016

Two iconic British department store brands released their annual trading figures overnight – and the contrast was blinding. Debenhams underwhelmed with like-for-like figures showing a decline in sales of 1.1 per cent, ts growth driven purely by the addition of five new stores and online advances. Yet Selfridges’ “winning formula” delivered another year of robust […]

Retail Asia25/05/2016

Only the very bravest of investor should consider retaining BHS in its current dilapidated state. But if such a buyer cannot be found, and a BHS breakup ensues, with the store estate sold to other retailers, Marks & Spencer and Debenhams would be the main beneficiaries. As the deadline for bids for BHS looms, hopes […]

Retail Asia07/08/2015

Asif Ahmad, the UK ambassador to the Philippines, is one of the busiest diplomats in the country, as he leads, almost on a weekly basis, the opening of new outlets put up by dozens of British companies which are taking advantage of the rapidly growing consumer market and improved purchasing power of Filipinos. Ahmad, the […]

Tag: Debenhams

It’s all over for Debenhams as liquidators appointed

Debenhams begins liquidation of Hong Kong business

Debenhams warns shareholders could lose investments

Debenhams profit plunges 84 per cent after storm

Debenhams kicks off at St Collins Lane

John Lewis fashion sales soar

US investor buys into Mitra Adiperkasa

Selfridges shines, Debenhams flounders

M&S, Debenhams stand most to gain from BHS breakup

British brands invading Philippines