Debenhams Stores now in Admin, Lenders own it all

[arista]

Yes today or tomorrow
another big old store to go into admin.
Sad for the workers.





https://news.sky.com/story/debenhams-on-the-brink-as-eleventh-hour-offer-from-mike-ashley-spurned-11688411

[Debenhams has taken a step closer to
falling into the hands of its lenders after
a revised last-ditch offer from
Mike Ashley was spurned.
The struggling 240-year-old
department store chain said an
improved £200m offer - announced i
n the early hours - to underwrite a
rights issue was not enough to
persuade lenders to give it more
time as it seeks new finances.
Debenhams said it would make a
further announcement later on
Tuesday. Shares were suspended
shortly afterwards.]

[Ammi]

..I wonder what our town centres and shopping centres will look like for the future generations when there are no retail left in them..?...what will they be..?...maybe finally the solution to the homeless crises...a nice thought...

[arista]

..I wonder what our town centres and shopping centres will look like for the future generations when there are no retail left in them..?...what will they be..?...maybe finally the solution to the homeless crises...a nice thought...


Amazon Prime stores
could appear more

[Ammi]

....hmmm maybe but eventually they’ll go as well...prime today, gone tomorrow...seems to be the way...why pay huge amounts for premises and staff when you can be prime on the internet without that expenditure...

[Ammi]

...maybe the town centres will be taken over by Arista Stores...there’s a thought...maybe this is all the start of the takeover...

[Livia]

I think the Internet is only partly to blame for the high street crisis. If you've driven into a town centre lately and parked, you know what a rigmarole that is and how much it'll cost you.

[Cherie]

I think the Internet is only partly to blame for the high street crisis. If you've driven into a town centre lately and parked, you know what a rigmarole that is and how much it'll cost you.

Yes councils have a part to play, if they maybe provided some free parking for say 2 hours or so it might bump up trade

[bots]

Visiting town centres and particularly shopping malls has not been a pleasurable experience for decades, for me anyway. I detest the whole concept of homogenised malls

[Ammi]

...actually parking in our town is no problem...(..it’s not a city though..)...but there are generally spaces in every car park because most of the town premises are closed and empty...so no one to fill the parking spaces/nowhere to shop etc...it is very expensive to park though...that’s because the councils or whoever owned them have sold all of the car parks to these big europark thieving villains...I hope when we Brexit they’ll take their Euro car parking thriving villains with them...the only good thing to come of it if they do...

[arista]

The Lenders who kept them going with £200million
now own all the shares and all the stores.
Now in Admin
All stores will stay open until the end of the year.



https://news.sky.com/story/lenders-take-control-as-debenhams-enters-administration-11688630

[arista]

Visiting town centres and particularly shopping malls has not been a pleasurable experience for decades, for me anyway. I detest the whole concept of homogenised malls


Yes new shops are now rare.

[bots]

The only good news to come out of this is that Mike Ashley has now lost 130 million he had invested in the company .... every cloud ...

[Marsh.]

Visiting town centres and particularly shopping malls has not been a pleasurable experience for decades, for me anyway. I detest the whole concept of homogenised malls

I don't mind malls. I prefer that to trekking all over town from store to store.

[arista]

The only good news to come out of this is that Mike Ashley has now lost 130 million he had invested in the company .... every cloud ...


Yes they hated him
and would rather close down


Mike has lost £150million in his shares.

[Josy]

Sad news, I love shopping at Debenhams.

Feel sorry for all the employees.

[arista]

Sad news, I love shopping at Debenhams.

Feel sorry for all the employees.


They say another year to go,
It has a Great history.

[Cherie]

Sad news, I love shopping at Debenhams.

Feel sorry for all the employees.

Same, I love all the different outlets in there :sad:

[Daniel-X]

I worked at Debenhams for twelve months, the staff are really lovely but they’ve had an impending sense of doom for a while. It was always dead

[user104658]

..I wonder what our town centres and shopping centres will look like for the future generations when there are no retail left in them..?...what will they be..?...maybe finally the solution to the homeless crises...a nice thought...

Well considering 3 million people are employed in retail currently... They're going to need those homeless shelters more than ever :umm2:

[Cherie]

Liquidation as the JD buy out fell through, this is so sad

Top Shop was my go to shop when I came to London first, another Iconic brand biting the dust

[arista]

Yes some nice big Debenhams
even had hot food cafes
they will be missed.

[Cherie]

Debenhams is very close to my heart, I worked in the restaurant in the Oxford Street branch it was my first job when I came to London, such a fun time, we had a great group of work colleagues :love:

[arista]

Debenhams is very close to my heart, I worked in the restaurant in the Oxford Street branch it was my first job when I came to London, such a fun time, we had a great group of work colleagues :love:


You may have served me back then.

[arista]

https://i.dailymail.co.uk/1s/2020/12/01/14/36309178-0-image-m-2_1606832592585.jpg


They Open Tomorrow.

[Cherie]

You may have served me back then.

Well then :laugh:

[arista]

https://pbs.twimg.com/media/EoLUs6lW4AgCuk1?format=jpg&name=small

[Vanessa]

I think the high street is on its way out.
Most people shop online now or get most of their shopping in the big supermarkets.

[arista]

https://c.files.bbci.co.uk/142AE/production/_115760628_ftfront0212-nc.png

[arista]

https://i.dailymail.co.uk/1s/2020/12/01/22/36330188-9007439-image-m-14_1606863459782.jpg

[arista]

https://i.dailymail.co.uk/1s/2020/12/01/14/36309172-9002367-image-a-83_1606831957229.jpg
[Stock in cages is ready to be sold at a cut price in London from tomorrow
- with customers encouraged to spend vouchers while they can
on 'Wild Wednesday and buy with credit cards for refund protection]

https://www.dailymail.co.uk/news/article-9007439/Hundreds-thousands-shoppers-line-huge-virtual-queue-Debenhams-website.html