Skip to main content

Arcadia issues could have knock-on effect for JD Sports’ Debenham takeover talks

// Exclusive talks between JD Sports and Debenhams come to an end without a deal
// Possibility of administration at Debenhams’ biggest concession holder Arcadia would bring new raft of issues for department store

JD Sports are thought to be winding down talks with administrators at Debenhams, after a period of exclusivity ended without an agreement to save the department store.

Discussions to save Debenhams from collapse intensified this week after it emerged Arcadia could appoint administrators for its fashion retail group, according to City sources cited by Yahoo Finance.

Arcadia is Debenhams’ biggest concession holder, and its fashion brands accounted for an estimated £75 million of Debenhams’ annual sales before the pandemic, according to the Sunday Times.

READ MORE:

Now it is thought JD Sports’ board have had second thoughts on an offer for Debenhams, after learning that Arcadia could be on the brink of calling in the administrators.

Despite JD Sports no longer being in exclusive discussions, sources close to the FTSE 100 retailer cited by Yahoo Finance said it had not withdrawn completely from the process.

If Debenhams’ administrators are unable to strike a deal, the historic retailer could face liquidation.

Click here to sign up to Retail Gazette’s free daily email newsletter

The post Arcadia issues could have knock-on effect for JD Sports’ Debenham takeover talks appeared first on Retail Gazette.



from Retail Gazette https://ift.tt/3mmWr6a
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Eagle Labs launches impirica CBD brand

ST. PETERSBURG, Fla. — Eagle Labs has launched impirica, a new brand of CBD intended to eliminate consumer fear, and increase confidence, in trying the exciting new cannabidiol category. Michael Law Although most Americans have now heard about CBD, many are very confused and concerned about product quality. This is inhibiting trial in the category and holding back conversion into sales. In fact, a 2017 study by Johns Hopkins University found that two out of three CBD products on the shelf did not contain the amount of CBD reflected on the label. Furthermore, in 2018 and 2019, the FDA sent notices to a substantial number of CBD manufacturers advising them of serious concerns about product quality or egregious medical claims. The impirica brand looks different than most CBD brands — the brand name itself connotes testing and trust, says Eagle Labs chief commercial officer Michael Law. “It doesn’t use the traditional category colors of browns and greens, and you won’t find a hemp...
68 comments
Read more

Coronavirus Recovery: Canadian Small Businesses Must Focus on Easing Employee, Customer Fears

By M. Tina Dacin and Laura Rees A small business has been  given the green light to reopen amid the COVID-19 pandemic . What does it need to consider for employees and customers? Small business owners are reorganizing physical space to account for continued distancing requirements and rethinking supply chains to deliver products and services in new ways to meet changing demand patterns. But they must not forget the hearts and minds of employees and customers. That doesn’t mean replacing a focus on the bottom line, but it helps address the need for a new set of expectations and ways of communicating in terms of product or service offerings, delivery methods and real-time feedback. Based on our expertise in organizational behaviour and past research we’ve conducted, we provide a set of recommendations to help small businesses thrive in our new COVID-19 economy by looking after the hearts and minds of the people most important to businesses — employees and customers. Fear, Anxi...
1 comment
Read more

World's 1st Pizza Subscription Service Launches in Toronto

general assembly subscription user opening delivery box of pizza. photo: general assembly pizza By Mario Toneguzzi Toronto-based General Assembly Pizza has launched what it describes as the world’s first pizza subscription service as it also plans to aggressively expand its product offering in the near future by opening a new concept in the market. "Since opening our doors in 2017, we have pushed for the best guest-experience possible — that's why our dough is 100 percent naturally leavened, that's why we have a purpose-built 400-square-foot pick-up and delivery area, and that's why we’ve launched a direct-to-consumer subscription-based ecommerce platform,” said Founder & CEO Ali Khan Lalani. “In 2020, providing the best guest experience means General Assembly Pizza has to be more than a restaurant. I'm proud to say that after almost six months of planning, many roadblocks, and countless pivots — all while maintaining our day-to-day restaurant operatio...
1 comment
Read more