Chit Chat
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26 Oct 18
17:12
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21 May 10
A record £491m loss. Planned closure of up to 50 stores with 4,000 jobs at risk.
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Replies: 20
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I blame brexit.
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they made a profit of £33 million
accountants converted that to a £500 million loss handy when negotiating rent and lease reviews, with greedy landlords .... |
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Do you have a link, Donny?
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In any case, the share price has fallen by about 80% this year.
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sorry nick, it was widely reported yesterday
indeed share price has bombed, spokesperson for mike ashley claimed a while back that he was interested in merging debenhams and hof...later denied. share price drop, makes that a lot easier...but probably might prefer to buy it from reciever, after pension has been foisted on british taxpayers ? |
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New Look have announced that at leasr 85, and maybe 120, stores will close.
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I predicted all this when Gamages closed.
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I like shopping in debenhams - the quiet music and polite staff - the free makeovers and the wallis collection to look through (especially during sales) - personal shopper etc
such a shame in one area debenhams is being replaced with lidl!!!! ho ho ho it will be a bit of a culture shock oh excuse me - should I have mentioned culture?? |
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I've done a cheery chunk of business at the Debenhams bargain racks. Agree with moisok -ambience of the stores suits my temper well.Hope they can survive.
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Rather than agree to a deal they do not like the board have gone for a no deal hard highstreet-exit.
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looks like they may be going pre pack to rid themselves of their 30% partner...
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Debenhams have been in trouble for a long time. The fan has now become so brown, that the banks have taken control and ordinary shareholders are up the creek.
Never mind the paddle, they no longer have a canoe.  |
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happening in america as well with big stores getting into trouble but both governments claim we have never had it so good,big crash coming and its not going to be pretty
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Mike Ashley is the biggest shareholder in Debenhams, not a good day for him. Expect prices for pies and Bovril to be increased at St James' Park
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Loses £150 million and 340 odd millions shares, if he hadn't wanted to be the chief director he may have had his bid accepted?
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They just couldn't agree the Fatty Boom Boom Backstop
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he,ll get it for a knicker in the end out of the rubbish skip
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Bang goes Rafa's new contract.
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Very good article on the BBC. Ashley raised his offer to £200m.. Pretty sure he wanted the locations as much as the business itself but may be wrong. Very disappointing he wasn't allowed to take it over.
https://www.bbc.co.uk/news/business-47867001 Three years ago, the 166-strong chain was worth £900m, compared with £20m as of this week. It's been one of the main draws of High Streets - and later, shopping centres - for years, and it has a venerable history. Its origins go back to 1778, when King George III was on the throne, when it opened as a drapers' store in central London. |
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they expanded in around 2006, having been taken over a few years before
exactly the worst time to do it, footfall was declining but the crash had not happened both newcastle eldon square, and metrocentre our biggest shopping centres in north east were redeveloped to give them big shops, where previously they had none. likely they helped fund the building |