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The Latest Breaking News from Dan Finley

Debenhams shrinks losses as turnaround ‘continues at pace’

The company reported a £108.3 million pre-tax loss for the year to February 28, reducing from £326.4 million a year earlier.

Evening Standard

Debenhams boss could receive almost £150m if he turns around struggling retailer

Incentive scheme for CEO of fashion group, which also includes Boohoo, comes as sales slump 23%

The Guardian - UK

Debenhams boss could receive almost £150m bonus without vote if shares soar

It comes amid a bitter dispute between the leadership of Debenhams and significant shareholder Mike Ashley.

Evening Standard

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Debenhams launches British fashion labels in US through department stores

The owner of Boohoo and Debenhams is selling UK brands such as Nasty Gal and Karen Millen online through Macy’s, Bloomingdale’s and Nordstrom.

Evening Standard

Debenhams Group considers sale of PrettyLittleThing amid turnaround efforts

The business, previously known as Boohoo Group, said it has cut its staff headcount by 30% as part of efforts to reduce costs.

Evening Standard

New name but same old struggles for Boohoo

Rebrand to Debenhams won’t solve the company’s issues – the retailer may simply have already had its day in the sun

The Guardian - UK

Boohoo rebrands as Debenhams amid drop in youth labels’ sales

Chief executive says sales figures are down by more than a fifth but its brands still carry ‘significant potential’

The Guardian - UK

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Boohoo Group rebrands as Debenhams after overhaul at department store brand

The Boohoo brand will continue, as will other fashion brands owned by the group, such as Karen Millen and PrettyLittleThing.

Evening Standard

Boohoo investors reject bid from Frasers to remove co-founder

The online fast fashion firm said 63% of investor votes cast were made against a motion by Frasers to remove co-founder Mahmud Kamani.

Evening Standard

Boohoo shareholders vote to block Mike Ashley from joining board

Chair hails ‘resounding vote of confidence’ as investors reject Sports Direct founder and his associate Mike Lennon

The Guardian - UK

Boohoo wins influential adviser’s support in battle with Mike Ashley

ISS reportedly tells fast-fashion firm that Frasers Group approach is ‘superficial’ and ‘offers no plans for change’

The Guardian - UK

Police investigate claims that Boohoo bosses were stalked – reports

The claims come amid an escalating boardroom row between Boohoo and Mike Ashley’s Frasers Group, which holds a 28% stake in the fast fashion firm.

Evening Standard

Boohoo raises £39m in investor cash call as Frasers boardroom tussle heats up

Boohoo is heading for a showdown with Mike Ashley’s Frasers Group at an emergency meeting on December 20.

Evening Standard

Frasers Group says appointment of Boohoo boss shows ‘disregard’ for shareholders

Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.

The Independent UK

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The Independent UK

Boohoo appoints new head, rejecting Mike Ashley’s attempted boardroom takeover

The struggling online retailer has chosen Dan Finley, the boss of Debenhams, which it owns, as its new chief executive.

Evening Standard

FTSE 100 Live 01 November: Markets calmer after sell-off, Reckitt Benckiser shares jump

Borrowing costs continue to be in focus after a rocky week for markets on both sides of the Atlantic.

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