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Debenhams' lenders took control of the retailer in April last year in an effort to keep stores open

Debenhams preparing to file for administration - report

Debenhams is expected to slide into administration in the coming days following the impact of coronavirus.

Debenhams has been hit by a sharp slowdown in sales, high rents and ballooning debt as well as a power struggle

Debenhams says rescue plan on track after court backing

British department store group Debenhams said today that its company voluntary arrangement (CVA) will go ahead as planned after a court rejected challenges to the rescue plan.

Business • 19 Sep 19

Ted Baker has, until now, partnered with Debenhams for its childrenswear line

Ted Baker picks Debenhams over Next for childrenswear

Ted Baker is to sell its children's clothes through Next from 2020 - ending its current partnership with struggling retailer Debenhams.

Business • 16 Aug 19

Debenhams also said interim executive chairman Terry Duddy would step down from the board in September

Debenhams announces new CEO

Struggling British department store group Debenhams has named turnaround specialist Stefaan Vansteenkiste as its new chief executive, promoting him from the chief restructuring officer role he took on in April.

Business • 08 Aug 19

Debenhams is restructuring the chain using so-called company voluntary arrangements (CVAs)

Debenhams gets Sports Direct challenge to restructuring

Retailer Debenhams has received a challenge from former shareholder Sports Direct over a restructuring plan that wiped out investors but kept the company operating.

Business • 11 Jun 19

Administrators at FTI Consulting considered buyout bids to be 'not at the level required to be taken forward'

Debenhams to remain in hands of lenders

Beleaguered UK department store chain Debenhams will remain in the hands of its lenders after a sale process ended with no acceptable bids.

Business • 09 May 19

The 11 stores in the Republic of Ireland are not affected by the proposals

Debenhams to close 22 stores in UK in 2020

British retailer Debenhams has announced plans to close 22 stores next year as part of a restructuring scheme.

Business • 26 Apr 19

Debenhams latest UK retailer to enter the administration process

UK retailer Debenhams falls into administration

Debenhams' lenders took control of the ailing retailer today after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the UK high street.

Business • 09 Apr 19

Mike Ashley's Sports Direct has called on two Debenhams board members to take a lie detector test

Ashley ups pressure on Debenhams ahead of deadline

Sports Direct boss Mike Ashley is battling to take control of Debenhams, just hours before it is due to fall into the hands of lenders, offering to underwrite a rescue plan while picking another fight with its board.

Business • 08 Apr 19

Sports Direct has a near 30% stake in Debenhams

Some Debenhams investors back making Ashley boss

Sports Direct, the sportswear group that is seeking control of Debenhams, said it has been contacted by other shareholders in the department store group expressing their support to install Mike Ashley as Debenhams CEO.

Business • 01 Apr 19

Despite new funding, Debenhams said shareholders still faced being wiped out unless major investor Sports Direct gave its support

Debenhams says it needs Sports Direct support

Debenhams, the ailing British department store group, has secured £200m in new funds, but said shareholders still faced being wiped out unless major investor Sports Direct gave its support.

Business • 29 Mar 19

Debenhams is trying to resist its biggest shareholder Sports Direct taking control of the group

Debenhams' bondholders back restructuring

Debenhams' bondholders have agreed to change the terms of some of their bonds.

Business • 28 Mar 19

The terms of the possible offer for Debenhams would be 5 pence a share in cash, Sports Direct said

Sports Direct proposes £61.4m offer for Debenhams

Sports Direct, the UK sportswear firm controlled by Mike Ashley, is considering an offer for Debenhams that values the ailing department store group at £61.4m.

Business • 27 Mar 19

Sports Direct owns a near 30% stake in ailing UK department store Debenhams

Debenhams warns Sports Direct offer won't fix funding

A move by Mike Ashley's Sports Direct to pursue a possible offer for Debenhams got a cool reception from the department store group today which warned it would not address its immediate funding needs.

Business • 26 Mar 19

Sports Direct's Mike Ashley has hit out at a 'lack of engagement' and the 'limited access to information' provided to him by Debenhams

Ashley says Debenhams proposals better than insolvency

Mike Ashley's Sports Direct has hit out at Debenhams for rejecting his latest attempt to wrest control of the struggling retailer.

Business • 25 Mar 19

Debenhams shares were down as much as 59% in London trade today

Debenhams warns restructuring may wipe out shareholders

Struggling British department store group Debenhams said today its shareholders could be wiped out as a result of some of the restructuring options it is considering.

Business • 22 Mar 19

Mike Ashley's Sports Direct today called for Debenhams to hold a general meeting

Mike Ashley steps up bid for control of Debenhams

Billionaire Mike Ashley ramped up his campaign to take charge of Debenhams, again urging the ailing department store chain to appoint him to the board and replace most of the directors.

Business • 21 Mar 19

The one year loan from Sports Direct is subject to conditions, including installing its boss Mike Ashley as Debenhams' CEO

Debenhams will consider Sports Direct loan offer

Debenhams will consider a £150m loan offer from dissident shareholder Sports Direct, it said today.

Business • 14 Mar 19

Debenhams is in advanced talks with its lenders for additional loans of about £150m

Debenhams in talks with lenders for £150m loan

Debenhams said today it was in advanced talks with its lenders for additional loans of about £150m.

Business • 11 Mar 19

Sports Direct CEO Mike Ashley plans to leave his current role and the retailer's board to focus on running Debenhams

Ashley set to drop Sports Direct roles to run Debenhams

Mike Ashley, one of Britain's most famous and unorthodox businessmen, has launched a coup to take charge of ailing department store chain Debenhams.

Business • 08 Mar 19

Shares in the department store have lost more than 89% year-on-year

Debenhams warns on profit again as restructuring looms

Debenhams has today warned on profit again, as the department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans.

Business • 05 Mar 19

Debenhams secures £40m in new funding from some of its lenders

Debenhams secures £40m funding lifeline

Debenhams has secured £40m in additional funding from some of its lenders as it strives to find a longer-term solution to its financial problems.

Business • 12 Feb 19

Angry investors have forced Debenhams CEO Bucher off the board yesterday, and the chairman out of the company

Debenhams chairman forced out, CEO removed from board

Angry investors forced Debenhams chief executive Sergio Bucher off the board yesterday, and the chairman out of the company.

Business • 11 Jan 19

Debenhams sales fell by 3.6% over the key six week festive selling period

Debenhams reports weak Christmas trading

British department store group Debenhams is in talks with lenders and looking to bring in new sources of funding as it battles for survival following another plunge in sales.

Business • 10 Jan 19

Debenhams is set to close 50 of its underperforming stores

Debenhams to close 50 stores as posts its biggest loss

Struggling British department store chain Debenhams is closing 50 of its underperforming stores, putting about 4,000 jobs at risk, after it reported a record full-year loss of nearly £500m.

Business • 25 Oct 18