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Debenhams Share Chat (DEB)



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Share Discussion for Debenhams




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scooter786
Posts: 288
Opinion:No Opinion
Price:3.906
RE: Mike Ashley’s Debenhams coup
11 Jan '19
Personally cannot see it going to 1p. Will languish in this 4 to 5p range.
 
warik
Posts: 564
Opinion:No Opinion
Price:3.906
RE: Mike Ashley’s Debenhams coup
11 Jan '19
the way it's collapsed I'm thinking of selling rather get something then nothing. It's crazy plunge just for getting rid of incompetent chairman and CEO.
warik
Posts: 564
Opinion:No Opinion
Price:3.906
RE: Mike Ashley’s Debenhams coup
11 Jan '19
Do you think Debenhams will be atleast 3p or 1p?
Pokerchips
Posts: 7,507
Opinion:No Opinion
Price:3.906
RE: Mike Ashley’s Debenhams coup
11 Jan '19
Sports Direct, which dramatically ousted the chairman of Debenhams on Thursday, has accused the department store’s directors of “dereliction of duty” for turning down a £40m interest-free loan offered by the sports chain before Christmas.

On Friday Debenhams said: “As stated in December, we welcomed Sports Direct’s stated intention to demonstrate their willingness to support Debenhams. Because the offer came with conditions that could affect the interests of other stakeholders, the board felt it could not accept the proposal.”

The Guardian has learned that the Debenhams’ interim chairman, Terry Duddy, met Sports Direct’s Ashley soon after the meeting and held “constructive” talks on how to move forward.

Cheshire, who is understood to have had a difficult relationship with Ashley, did not announce his resignation at the meeting as advisers attempted to persuade Jagtiani to change his mind right up until the final vote was held.

Sports Direct has not commented on its reasons for voting against Cheshire and Bucher.

However, the letter to the parliamentary committee published on Friday made its frustrations clear, pointing out that Sports Direct had already written off in excess of £100m over its investment in Debenhams.

https://www.theguardian.com/business/2019/jan/11/sports-direct-hits-out-at-debenhams-for-rejecting-40m-loan
tu-chuzey
Posts: 214
Opinion:No Opinion
Price:3.906
Mike Ashley’s Debenhams coup
11 Jan '19
https://www.ft.com/content/c87eeb4a-15b4-11e9-a581-4ff78404524e

Mike Ashley’s Debenhams coup sets up battle for ailing retailer




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