Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No: 4307068. She is currently a NED at Solent Group (a multi-category design and distribution business) and at Orsay (a European womenswear retailer trading across 30 countries).
We'll assume you're ok with this, but you can opt-out if you wish. Click here to sign up to Retail Gazette’s free daily email newsletter. Celine Jersey Topco is a consortium of investors which acquired Debenhams out of administration last year. Tel: Intl +44 (0)1527 573 600. Item No.
The retailer has been in administration since April after the Covid-19 pandemic weighed further on its finances. I am so confident you will love complete access to our content that today I can offer you 30 days access for $1. The move is not expected to impact Debenhams' trading. Celine Group Holdings, the holding company for Debenhams, has reportedly Is Asda too late to the convenience sector?
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Debenhams has appointed Beatrice Lafon as a non-executive director of Celine Jersey Topco Limited, the parent company of Debenhams. Add to bag. Debenhams' current private equity owners - a consortium of banks and lenders known as Celine - reportedly prefer a restructuring that allows them to stay in charge. Debenhams Group announces today that Mark Gifford is to be appointed as a director and Chairman of Celine Jersey Topco Limited, parent of the Debenhams group of operating companies. Its potential administration would not impact Debenhams sales, staff, customers or suppliers, sources insisted. Coronavirus Consumer Pulse: Web traffic falls despite fresh social restrictions, Aldi boss Hurley eyes ‘significant’ click-and-collect opportunity, How B&Q owner Kingfisher is switching to digital-first stores, Profile: Amazon’s new UK boss Boumphrey – not your average Amazonian, From Liberty to Woody’s kebab shop: Where retail’s top bosses love to shop. The UK Clothing 2019-2024 report offers comprehensive insight and analysis of the UK clothing market (including forecasts up to 2024), the major players, the main trends, and consumer attitudes. However, Debenhams’ current private equity owners – a consortium of banks and lenders known as Celine – reportedly prefer a restructuring that allows them to stay in charge.
Celine, the group controlled by Debenhams’ lenders, only took control in April last year when the retailer tumbled into administration for the first time. NEXT. pay overdue interest payments on 200 million pounds of bonds which were Boohoo Leicester supply chain: What went wrong and can it be fixed? Celine has 5 jobs listed on their profile. To date, it has reportedly cut around 6,500 jobs and closed 20 stores. Chanel acquires London flagship for £310m following sales process, Decathlon books sales uptick in the UK amid expansion scheme, Homebase launches UK’s first “green aisle”, Amazon employee stole $96,000 by issuing refunds to himself and friends, Retail Gazette Loves: McColl’s raises £500,000 for GOSH charity, How employers can attract retail staff amid ongoing job cuts.
customers or suppliers.
Celine UK Newco 1 Limited, the owner of department store group Debenhams, has appointed administrators to prepare for its own potential bankruptcy filing. Celine, which is the issuing entity of Debenhams’ £200m of 5.25pc notes due in 2021, has drafted in Philip Watkins and Philip Armstrong at FRP Advisory.
Debenhams has closed 19 stores during January as part of its planned restructuring with further stores expected to close next year. CTRL + SPACE for auto-complete. Debenhams currently employs around 12,000 staff in the UK, across 124 stores – all of which the retailer has insisted are trading strongly.
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Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy. SIGN UP BELOW TO OUR DAILY FASHION AND WEEKLY BEAUTY NEWSLETTERS. All rights reserved. As a result, the coupon payment, which was initially due to be paid on the borrower’s notes on July 15, will not be paid.
Investment bank Lazard is understood to be running a sale process for Debenhams, according to The Sunday Times, but sources say it is unlikely to yield offers to run the retail group as a going concern. Mark Gifford, Chairman of Celine Jersey Topco Limited, said: “I am so pleased that Beatrice has agreed to join our board.
All in one place. Please sign in now if you have a subscription or are already registered with us. Want it by Saturday? We continue to strengthen the board to support Stefaan [Vansteenkiste, Debenhams CEO] and the operational team with wide-ranging skills and knowledge and strategic perspective. wiped out. Toll Free from US: 1-866-545-5878. UK retail executives have highlighted the rapid change experienced by their industry as a result of the coronavirus pandemic, with a focus on a... © Copyright Retail Gazette. Debenhams has closed 19 stores during January as part of its planned restructuring with further stores expected to close next year.
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The retail group, which originally had 142 UK stores and employed around 22,000 staff, said its administrators had initiated a process to assess ways for the business to exit its protective administration. It also trades from 45 sites in 17 countries in Europe, the Middle East and Asia under various franchise agreements. Last week, it also appointed experts who specialise in winding up struggling retail businesses. The administration would reportedly not affect Debenhams’ sales, staff, The Big Question: Are mandatory face coverings for staff good or bad for retail? The ability to copy articles is specially reserved for people who are part of a group membership.
Fax: +44 (0)1527 577423. The department store chain is also reportedly scrapping the roles of It comes after Debenhams entered administration in April for the second time within a year – albeit a “light touch” one, meaning directors are still running the retailer rather than handing it over to the administrators.
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Discover the latest apparel and textile research, I want to hear about apparel and textile industry webinars and relevant offers. Advisers at Hilco are drawing up plans, including liquidating stock, if a rescue cannot be arranged for the heavily indebted department store and it collapses. Meanwhile, last month Debenhams’ parent company Celine reportedly hired Philip Watkins and Philip Armstrong from FRP Advisory as advisers to prepare its own administration. Debenhams parent group Celine Jersey Topco has appointed Dr Beatrice Lafon to its board as non-executive director.
It was the second time the retailer had fallen into The move Debenhams itself fell into a ‘light touch’ administration in April after Product description. The process is also being handled by FRP To find out more about our data sharing policy, please read our terms of use and privacy policy. PREVIOUS, Leicester urges UK brands to buy only from suppliers that work with unions
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Address: Aroq House, 17A Harris Business Park, Bromsgrove, Worcs, B60 4DJ, UK. Sources speaking to The Telegraph said Celine going into administration would not have any impact Debenhams’ sales, staff, customers or suppliers. It’s our best ever membership offer – just for you. Please review our, You need to be a subscriber to join the conversation.
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