[LONDON] British department store chain Debenhams has been taken over by lenders after falling into administration, it said Tuesday, amid tough times on the UK high street.
[BENGALURU] Ailing department store chain Debenhams said on Monday it was in advanced talks with its lenders for additional loans of about £150 million (S$264.9 million).
[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...
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.