[LONDON] Debenhams's lenders are prepared to grant the struggling department store chain more credit in an effort to ward off a potential low-ball buyout from billionaire shareholder Mike Ashley...
DEBENHAMS Plc secured a lifeline from some of its lenders, giving the troubled UK department-store company £40 million (S$70 million) in liquidity as it attempts a broader refinancing.
[LONDON' Billionaire Mike Ashley, the UK sports-store owner whose thirst for beer matches his appetite for deals, is throwing his weight around in a bid to seize Britain's retail crown...
BRITISH retailers failed to increase their Christmas sales for the first time since the depths of the global financial crisis a decade ago, adding to signs of an economic slowdown ahead of Brexit.
DEBENHAMS plc took a one-time charge of £512 million (S$911 million) and will close as many as 50 stores as the British department-store chain struggles to avoid a collapse.
BRITISH department store chain Debenhams issued a profit warning on Tuesday, sparking a slump in its share price and compounding the gloom for large UK retailers.
[LONDON] British department store Debenhams warned on profit for the third time in six months on Tuesday, blaming poor trading on increased competitor discounting and weakness in key markets.