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DEBENHAMS IRELAND HAS moved to reassure staff and customers here that its operations will not be affected by the news that the British high street retailer has fallen into administration.
The UK department store chain, whose history dates back to 1778, said in a statement today that its new owners will inject “significant” funding of £200 million into the struggling business.
Debenhams plc, which has 165 stores across Britain and some 25,000 staff, appointed administrators FTI Consulting who swiftly sold it to a newly incorporated company controlled by its secured lenders.
Debenhams in Ireland operated under a separate company, Debenhams Retail (Ireland) Ltd, following an examinership process in the Republic of Ireland in 2016.
That process allowed the retailer to continue to operate 11 stores across Ireland employing 1,300 people.
A spokesperson reiterated today that the position of Debenhams Retail (Ireland) remains unchanged and added that the five Debenhams stores in Northern Ireland are also unlikely to be affected.
Debenhams plc had declined a last-gasp takeover bid from tycoon Mike Ashley, who owns sportswear retailer Sports Direct and had purchased collapsed department store chain House of Fraser last year.
“It is disappointing to reach a conclusion that will result in no value for our equity holders,” said Debenhams chairman Terry Duddy.
“However, this transaction will allow Debenhams to continue trading as normal, access the funding we need and proceed with executing our turnaround plans, whilst deleveraging the group’s balance sheet.
We remain focused on protecting as many stores and jobs as possible, consistent with establishing a sustainable store portfolio in line with our previous guidance Our customers, colleagues, pension holders, suppliers and landlords can be reassured that Debenhams will now be able to move forward on a stable footing.
The so-called pre-packaged administration deal wipes out the stakes held by all shareholders including Ashley.
The deal also axes plans for an emergency shareholder meeting in which Ashley was to seek his appointment to the board and oust most other directors.
Long-established UK retailers are battling sliding consumer sentiment and Brexit uncertainty alongside the faltering economy.
They also face fierce competition from the likes of online sales.
- With reporting by © – AFP 2019
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All we need now is someone to come up with software that blocks them from blocking us from blocking ads.
Exactly Dylan. They’re wasting their time. But if a company wants to pay them for this software, good luck to them.
Go onto RTE Player and you will notice nothing will play while Adblock is Enabled. there is already ways to stop people from blocking ads.
In matters like these, where’s there’s a will, there’s a way and the will is particularly strong on this issue.
And there will always be ways to block the unblocker.
Damn, you robbed my idea.
Seven Minute Abs!
“When wintertime rolls around, the gorillas simply freeze to death.”
Fake Avast…. of all the websites that you can block Ads on. RTE think it’s okay to block content just because people use Adblock, even if they have already paid the TV License.
The internet advertising industry is slowly killing the enjoyment and the ease of using the internet. Added to annoying ads playing in the background, and all other ads i have these redirects nearly every time i use my phone. Its stops the function im doing and opens google store to some stupid game or app i have zero interest in. Everybody should have a choice whether or not to block ads. There are more than enough numbskulls out there who soak up advertising to leave the rest of us who dont wish to become braindead watching stupid ads which we have no interest in, in peace
@DH
Those ‘numbskulls’ are paying for you to enjoy all the free content that you currently enjoy.
If there was no advertising then it wouldn’t be feasible for sites like The Journal to exist. On a list of things that bother me in life, Internet advertising is way down the list towards the bottom.
Go ahead, let everyone block all the ads on all the sites, then you’d have nothing to read!
The issue isn’t the non intrusive ads. Look at this page most people will see 2 or 3 ads, but there’s no popup or redirect or auto play video that you can’t skip. Ads like the ones here I have no issue with but no one should be forced to watch something or be automatically forwarded to somewhere when they don’t want to be.
miguel i understand the need for it but i dont need it flashing constantly in front of my eyes every time i look something up. Constantly redirecting to other web sites is also a bit invasive. And the journal i have to say is not intrusive or annoying with ads. It happens to be fairly discreet compared to other sites. My complaint is not against advertising as a whole….and as for the numbskulls they are not paying anything more than i am unless of course they get brainwashed into parting with their money by the advertising to which i say thanks
I don’t mind ads that are unobtrusive and for products I might actually buy or be interested in…
What’s annoying is when the ad loads up instantly and I’m sat staring at an ad for some
scam weight loss product, fake antivirus or money making scheme while the actual content takes 120 seconds to load and when it finally does… Another pop up add for the same opens in front that has to be closed.
clicks x
“WAIT! Click ‘continue’ now for even better offers!”
clicks x
“Are you sure you want to leave this page?”
-.-
Just out of interest what is the exact address of this company gonna be?
Unit D, Mount Pleasant Business Park, Dublin 6, Ireland………….
Losing battle. The Adblockers will find another way and this will become redundant. The real way to win this war for content producers is to change how they deliver ads. Make them unobtrusive and people won’t bother to block them.
There’s also https://www.ublock.org/ which is far better than adblock.
As soon as I can block these a**holes I will! Adblock rocks!
I love the fact that this article is basically advising the uninitiated that there is applications you can download to block visual eyesores on a website!
*are!
Safari is terrible, shocking browser, google chrome is the no.1 app on itunes , says it all.
Also people will moan when you end up paying subs for YouTube Facebook and even this site etc. over blocking a few ads
The problem isn’t a “few” ads though, I got rid of Sky TV because it was becoming more ads than content and it’s only because of the ad blockers that we still have a viable internet. The way things are going with the government wanting to block anything they see fit and unwanted ads being forced through it doesn’t bode well.
I work in IT and I have never used an Ad blocker. Sites I commonly use don’t go overboard with the ads.
The biggest offender I have found with ads is the rte player, I just don’t brother anymore with it.
I do watch a lot of user created content on youtube so the ad revenue partly goes to them and I tolerate them a tad because of that but a ton of stuff is free online because of ads.
The mundanity of evil eh
I don’t use Adblock on any of the sites I use regularly although I do use it on the journal as a punishment for their weird habit of deleting innocent comments.
Sometimes thx to the ads that we are able to use free app.. The most annoying things are pop ups for me!!
Not sure where you are getting the Safari 25% from. W3 seems to disagree
http://www.w3counter.com/globalstats.php
It’s listed Safari at 16.2% market share.
The RTE News Now is the greatest pain in the Ar$e for pop up ads
Screw these guys for making the world a more miserable place.
sçūmbægs
God forbid websites actually make some money to continue providing content for free
There are quite a few articles, calling ad blockers thieves, I use adblock because I would never click on a pop up ad, or an ad or banner… There is a great article on a block.org explaining the opposing side to this article, it also gives links to other articles with different views on it. I shop online so how much money do they want from me, every cent? Two words I’d love to share with them come to mind.
So they are trying to make popups that no one will be able to block. Can’t wait until scam artists use their technique to hack people who will not be able to stop the code execution. Seems like an idea that will ultimately lead to hurting lots of people once whatever technique it is they use goes public.
hosts.zip
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