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Tag: fails

Debenhams goes for restructure as Mike Ashley legal challenge fails | Business

Debenhams is to press ahead with a financial restructure to cut its debts after a legal challenge backed by Mike Ashley’s Sports Direct drew to a close. The restructure will result in at least £100m of the ailing department store chain’s £600m-plus of debt being converted to equity. Stefaan Vansteenkiste, the chief executive of Debenhams, …

Debenhams goes for restructure as Mike Ashley legal challenge fails | BusinessRead More

Big four supermarkets lose Christmas sales as ‘Boris bounce’ fails to appear | Business

Supermarkets recorded the slowest Christmas sales growth in at least four years as the big four chains lost sales, according to industry analysts. While grocers took a record £29.3bn in the so-called golden quarter, the 0.2% rise in sales across the sector was the lowest rate of growth since 2015, said research firm Kantar. Rival …

Big four supermarkets lose Christmas sales as ‘Boris bounce’ fails to appear | BusinessRead More