A former retail leader in the UK, Debenhams fell after a sharp slowdown in sales, high rents and ballooning debt
A Debenhams shop in Oxford Street, London, the UK. Picture: AFP/TOLGA AKMEN
Executive chair Terry Duddy said:"I am grateful to our suppliers, our pension stakeholders and our landlords who have overwhelmingly backed our store restructuring plans. Once the country's biggest department store chain, Debenhams was hit by a sharp slowdown in sales, high rents and ballooning debt. Earlier on Thursday, the investor consortium said it would retain ownership after bids for the chain fell short of the level they wanted.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UK soldier on anti-poaching mission killed by elephantA British soldier serving in Malawi as part of an anti-poaching operation has been killed by an elephant, the defence ministry says.
Read more »
Prince Harry and Meghan planning to purchase family getaway home in CaliforniaPrince Harry and Meghan planning to purchase family getaway home in California - reports
Read more »
Newsdeck: May Appeals to Labour to Get on With Brexit Deal: U.K. UpdateResults in England’s local elections suggested voters were turning their backs on both the main parties amid frustration over Brexit.
Read more »
Avoid marches, protests next week in SA, UK warns citizensThis as Police Minister Bheki Cele said police would be out in full force to ensure peace prevailed at the country's 22,924 voting stations.
Read more »
UK soldier on anti-poaching mission killed by elephantMathew Talbot was on patrol in Liwonde National Park on Sunday when the incident happened, a spokesperson told AFP.
Read more »
UK soldier on anti-poaching mission killed by elephant in Malawi | IOL NewsA British soldier serving in Malawi as part of an anti-poaching operation has been killed by an elephant, the defence ministry said on Tuesday.
Read more »
Main UK parties suffer Brexit battering in local electionsBritain’s bitterly-divided MPs have been unable to agree on a divorce deal with the EU, with the two main parties in talks on breaking the impasse that has produced little fruit so far.
Read more »
Ed Sheeran doubles his fortune but Lloyd Webber is richest UK musicianSinger/songwriter Elton John, subject of new Hollywood biopic 'Rocketman', was in fourth place, with £320 million.
Read more »
Equites Property Fund lifts distributions as portfolio value swellsUK business now accounts for 32.7% of the real estate investment trust’s properties
Read more »
SA voter turnout better than UK, US and FranceMillions of citizens voted in South Africa on Wednesday, but close to 10 million people could not vote, as they were not registered.
Read more »