Debenhams has appointed a turnaround expert to lead the business, as it prepares to close stores and rebuild performance after being put into administration earlier this year.
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.
British department store Debenhams offered some cheer for shoppers today as it signalled the recent surge in cotton prices may have peaked.
Department store chain Debenhams today hailed the success of its "Designers at Debenhams" range in helping to deliver a 14% rise in annual profits.
One of Britain's leading female retailers is to leave a senior role at Debenhams after less than a year, the department store announced today.
THE board of department store group Debenhams has agreed to pay stg£6 million to a consortium which is considering launching a rival bid for the business, it emerged today.
Strong Christmas trading is expected to boost Debenhams' interim result results next Tuesday.
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