Concerns persist for the hundreds of staff employed at 16 Debenhams stores in the Republic and the North as Debenhams said it was trading as normal despite its UK holding company going into administration.
Debenhams is to seek €230 million in new financing and pursue a restructuring plan in a move which could wipe out existing shareholders including Mike Ashley.
The performance of its Irish stores was one of the only bright notes for Debenhams as it slashed its profit forecast following a poor Christmas period in the UK.
Department store Debenhams hailed a resurgent year on the UK high street as it announced plans to open another 17 British stores over the next five years.
Department store Debenhams hailed a resurgent year on the high street as it announced plans to open another 17 UK stores over the next five years.
Department store chain Debenhams posted higher profits today but it warned the Olympics and the Euro 2012 tournament may disrupt future sales.
DEBENHAMS, Britain’s number two department store group, said a plan to reinstate its dividend in 2011 did not mean acquisitions were off the table as the firm posted an expected 21% rise in full-year profit.
Toy shop Hamleys looks to be nearing a deal which could see it open its first store in India, according to reports today.
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