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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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
