ALEX BRUMMER: By leaving private equity and overseas buyers the chance to do their worst behind closed doors, investors wash hands of responsibility
The UK's corporate landscape is littered with the victims of debt-fuelled private equity predators The objective is rarely honourable - it is to break-up the enterprises and sell them on piece by piece as quickly as possible and make a profit Investors' insouciance of in the face of private equity gunfire is unadulterated hypocrisy The closure of the very last Debenhams stores at the weekend, after 240 years of trading, provides vivid testimony to the ravages of unsafe ownership.
A DEPARTMENT STORE chain has pulled the shutters down on 243 years in business this weekend.Historic department store chain Debenhams closed its remaining 28 stores across the UK on Saturday after the company collapsed amid the fallout of the coronavirus pandemic.It closed 21 of its sites for the final time on Thursday.
Basildon Debenhams closes at Eastgate Shopping Centre A DEPARTMENT store labelled as the “biggest landmark” in Basildon has closed its doors for the final time, as worried shoppers fear its loss will kill the town.Debenhams, which is the only department store in Basildon’s Eastgate Centre, bid farewell to loyal customers on Saturday as the last remaining outlets of the doomed retailer permanently shut.
Watch an interview with Thomas Morley, who worked for Debenhams for 20 years, going from 'Saturday boy' to Deputy Manager of the Chelmsford store.Standing outside Debenhams in Chelmsford today with my camera in tow, there was a real sense of sadness that this once giant of the high street had fallen.
SAVVY shoppers flocked to Debenhams today to catch last minute bargains as the department store closed its doors for the last time today.All week shoppers have been showing off their heavily discounted purchases online.One woman was delighted with her find - a pair of black lace up boots from concession Faith originally priced at £129 but now down to just £5.
The final death-knell for Debenhams was the impact of the coronavirus pandemic which came on the back of slumping sales in recent years as shoppers moved away from the traditional department store models and favouring platforms such as Amazon Pictures show the aftermath of the end of an era as Debenhams closes for the last time after 243 years on the high street.
High street store Debenhams picked clean as it shuts its doors for good High street retailer Debenhams closed its doors for the very last time today as customers said their farewells to a brand that has been around for 242 years.In the days leading up to today's final closure, the store heavily discounted its remaining stock with up to 80% off all fashion and homeware and up to 70% off beauty and fragrance while stocks last.
The final 28 Debenham's department stores are to shut their doors for a final time today, bringing the once proud shopping chain's story to a close after 243 years Shoppers have said they're "gutted" to bid farewell to Debenhams as the department store closes its doors for the final time in its 243-year history.
These photos show the sad state of one of Hanley's most popular stores as it closed for the final time today.Debenhams in the Potteries Centre shut earlier than expected on its final day of trading.It was one of 21 sites across the UK which shut up shop after the company’s 243 year run.
Shoppers have flocked to Debenhams in Merry Hill one final time to the heartbreak of long-serving staff as the chain announced all stores would close.The historic department store will close its remaining 28 stores across the UK for good today after the company collapsed amid Covid-19 struggles.It closed 21 of its sites across the UK for the final time on Thursday with the remainder closing today, including at the Merry Hill centre and the Bullring in Birmingham.
DEBENHAMS shoppers have been showing off their bargains as the department store closes its doors for the last time ever.The chain is shutting its final 28 stores for good today - with customers getting enormous deals on shoes, clothes, make up and even homeware.The online brand and website has been bought by Boohoo.com, but Debenhams as we know it will cease to exist.
‘I’m going to cry when the shutters come down on Saturday’ Debenhams will close its doors today for the final time after over 200 years on the highstreet.Staff have said they will be in tears when the last of the company’s 118 shops shut for the final time this evening.
Debenhams shuts up shop for the last time on May 15, five months after the retailer announced it had failed to secure a rescue deal and was bought out by the BooHoo group High street staple Debenhams shuts its doors for the final time today (May 15), marking the end of its 243-year British high street trading history.
The firm confirmed it would shut all of its stores by May 15, including outlets in Newcastle, Sunderland and Middlesbrough Hundreds of shoppers flocked to Newcastle city centre to shop in Debenhams for the store’s last day of trading.Around 200 shoppers were seen queuing in Eldon Square waiting for the store to open on Saturday.
Not everyone wants another shop though Several people have called for Lincoln to get an IKEA as a replacement for Debenhams.The retail giant closed its store in St Mark’s leaving many wondering what will fill the vacant building.Lincolnshire Live decided to ask readers what they would like to replace the department store.
The historic department chain closed for good last week after collapsing into administration earlier this year This picture taken in Nottingham city centre shows the historic Debenhams building boarded up following its closure.The historic shop, which has been based in Long Row for 180 years, called time at the start of this month after the company fell into administration.
DEBENHAMS is shutting down it's last remaining physical stores today, marking the end of its 243-year history.The historic department store chain will close the last 28 shops across the UK for good, after the company collapsed as a result of the coronavirus pandemic.🔵 Read our coronavirus live blog for the latest updates The retailer has been staggering store closures with some locations such as Taunton and Newbury closing as early as May 2.
It was a sad sight to see the once proud Debenhams department store on its final day of opening on The Moor.It was slim pickings for bargain hunters who braved the drizzle to check out the final sales items, serenaded by the plaintive tones of a jazz busker in the doorway.
The retailer will close all of its remaining 28 UK stores on Saturday after 243 years on the high street This was the scene at two of Wales' largest department stores as they prepared to close their doors for the final time.The Debenhams stores in St David's Shopping Centre in Cardiff and The Quadrant Shopping Centre in Swansea were busy with shoppers on Saturday as prices for the remaining stock were slashed and reductions of up to 80 per cent were on offer.