Debenhams announces business strategy shake-up

Debenhams has announced a shake-up strategy aimed at boosting its appeal by investing in its in-store cafes and improving its online offering.

The plan includes a review of up to 10 of its 176 UK stores for possible closure over the next five years.

A central distribution warehouse in Northampton and about 10 smaller warehouses could also close with a potential loss of 200 jobs.

Debenhams saw half-year pre-tax profits fall by 6.4% to £87.8m.

Its shares fell by 3.5% following the announcement.

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When it comes to legal advice, all businesses need someone skilled, reliable and experienced they can turn to for support and guidance. At Wrigley Claydon we are here to develop and give effect to the legal arrangements needed to help you achieve your commercial objectives and manage business risk.

If you are considering a company merger, acquisition, takeover or joint venture or are in the midst of a shareholder dispute or share capital transaction or need business advice please contact us.

Call 0161 624 6811 to speak to John Porter and Soibi Iketubosin in our Company/Commercial Department or email jap@wrigleyclaydon.com or si@wrigleyclaydon.com.

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John Porter

John has been with Wrigley Claydon for over 20 years, becoming a partner in 1995. Specialising in Employment Law, John helps clients with matters including the preparation of recruitment policies and employment contracts as well as advocating in employment tribunals in cases of unfair dismissal or discrimination. He also has considerable experience of dealing with landlord and tenant disputes and matters relating to business and company sales, commercial investment property transactions and lettings as well as residential estate and offshore property developments. “I know I’ve done a good job when the business doesn’t need me!” John is never happier than when spending time with his wife and 2 children, Lucy and Alex. John is Chair of Respect Our Community Awards (ROCA) and a board member of First Choice Homes Oldham. In his spare time, John is likely to be found either reading, cooking or walking Donnie the Golden Retriever.

Latest posts by John Porter (see all)

• 5 Steps to consider before buying or leasing commercial property - 13th September 2023
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• Toys R Us on brink of administration - 8th January 2018
• Talk over sale of Newcastle Utd as owner Ashley meets investment firm - 22nd December 2017
• GVC gambles on Ladbrokes Coral takeover - 15th December 2017