Mike Ashley ready to pounce on Topshop AND Debenhams: Sports Direct billionaire in talks to mount a parallel rescue By Matt Oliver For The Daily Mail Published: 21:50 GMT, 10 December 2020 | Updated: 21:50 GMT, 10 December 2020 Mike Ashley’s Frasers Group has revealed it could still buy Arcadia brands such as Topshop as it … Read more
Mike Ashley is in rescue talks with Debenhams: Sports Direct boss begins negotiations to buy 242-year-old chain and save up to 12,000 jobs Mike Ashley’s company Frasers confirmed talks in a statement to stock market But a Frasers Group statement said sale of the retail giant was far from certain Sport Direct boss said ‘time … Read more
As the Goliaths of the high street tumble like a flimsy line of dominos, it’s tempting to think they are all suffering from the same affliction, but there’s a great difference between last week’s most high-profile victims – Arcadia’s Topshop and Debenhams. I was interviewed by the BBC as news of the collapse of Philip … Read more
Mike Ashley returns with yet another attempt to buy ailing department store Debenhams – just days after lenders called time on historic business By Neil Craven, Financial Mail on Sunday Published: 21:50 GMT, 5 December 2020 | Updated: 21:50 GMT, 5 December 2020 House of Fraser owner Mike Ashley has returned with yet another attempt … Read more
Debenhams fat cats raked in £35m: Bosses lined pockets in years before collapse By Matt Oliver For The Daily Mail Published: 21:50 GMT, 4 December 2020 | Updated: 21:58 GMT, 4 December 2020 The top brass at Debenhams raked in more than £35m in pay and perks in the years leading up to its collapse, … Read more
He is not a household name like Sir Philip Green. Nor has he, like the Topshop tycoon, had the dubious distinction of having a film entitled ‘Greed’ based on his life. Indeed, in the acres of coverage on the collapse of Debenhams, the name of its former chief executive Rob Templeman has barely been mentioned. … Read more
Debenhams was doomed long before the coronavirus pandemic struck, experts have claimed, with the retail chain never recovering after being bought and sold by fatcats who stripped its assets and collected over £1 billion in dividends. The department store collapsed yesterday and will be liquidated in the New Year after rescue talks with JD Sport fell … Read more
The Debenhams bargains worth queuing for! Femail reveals the online fire sale offers with discounts of up to 80% off – and the best bargains across the rest of the high street as retailers slash prices on Wild Wednesday Debenhams announced it has lost JD Sports as a buyer and will begin stock fire sale … Read more
This is, without a doubt, the bleakest moment on Britain’s high streets since the Second World War. Only the demise of Woolworths, in the financial crisis of 2008, comes anywhere near to the tragedy this week as two of the biggest names in British retail have been brought to their knees. Once the grande dame … Read more
A white knight rescue of Debenhams was last night hanging by a thread, with a final decision by suitor JD Sports expected within days. The potential deal – understood to include a raft of stores and the chain’s online business – is widely seen as the last chance to save the high street stalwart from … Read more