Bidding deadline was yesterday as analysts predict an online only future for Debenhams

The future of Debenhams may well already have been decided as reports surface today that those bidding to take on the struggling department store chain were asked to submit their bids by 5pm yesterday (September 1st). Investment bank Lazard is overseeing the department store’s sale process after Debenhams filed for administration in April. There are […]

Teetering on the brink? Debenhams owners appoint business closure experts

Virtually every Sunday newspaper is reporting that Debenhams might soon disappear from high streets across the UK, with The Sunday Times summing the situation up in its headline: ‘Debenhams puts liquidators on standby’. Debenhams owners have appointed advisers, Hilco, who specialise in company liquidations and who have in the past wound up the business activities […]

Debenhams on the brink? Owners launch search for potential buyer

The future of Debenhams is hanging in the balance again as its owners fight to avoid complete closure as they try to find a buyer for the struggling business. At the weekend the 242-year-old department store chain appointed an investment bank to oversee the sale process and hopes to secure a buyer before the end […]