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Founded in 1778, Debenhams was once one of the United Kingdom’s biggest chain of department stores, but it has been hard hit by falling sales and rising debt.

Alshaya Group

Debenhams’ GCC stores ‘not affected’ by closure plans

by Shane McGinleySun 28 Apr 2019Thu 7 Oct 2021

British department store’s UK business has been hit by falling sales and debt

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Two major shareholders voted against the reappointments: Ashley, the CEO of Sports Direct International Plc, who holds a roughly 29 percent stake; and Landmark Group Inc., a retail and hospitality company based in Dubai, which owns 7 percent.

British retailer

Ashley leads coup to oust Debenhams chairman, CEO from board

by BloombergSun 13 Jan 2019Wed 6 Oct 2021

Dubai-based Landmark Group owns 7 percent of Debenhams