Page 7 - Daniel Schaffer News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The judge said he was making a winding-up order of his own motion. “The company is a rudderless ship drifting in an ocean of insolvency, unable to be rescued,” he said. “It is time for the court to bring this ship into port, so the harbour master, here the Official Receiver, can assess the position.” Boohoo will sell Debenhams products from early next year. Debenhams had already announced significant job losses and the permanent closure of six stores, including the Portsmouth branch and its flagship outlet on London’s Oxford Street. Boohoo said the deal represents a “f...

By Press Association 2021 Debenhams has been wound up by a judge in a specialist court. Judge Daniel Schaffer made a winding-up order at an online hearing in the Insolvency and Companies Court on Monday. He described the retailer as a “rudderless ship” drifting in an “ocean of insolvency” which needs to be brought into port. The judge said the Official Receiver now should assess the position. He had been asked to consider Debenhams’ position by lawyers representing a shareholder and debtors. The judge said he was making a windi...

DEBENHAMS has been wound up by a judge who described it as “rudderless ship”.

Coronavirus recap: Health Minister to give latest updates for Wales Vaughan Gething will host a live briefing The video will auto-play soon8Cancel Play now Wales' Health Minister Vaughan Gething will hold a live briefing on coronavirus today. It brings the death toll for the region to 702 since the beginning of the pandemic, and a total of 28,510 cases have now been recorded. The press conference comes as calls by MPs are made for clarity over schools reopening. We will bring you all the latest as we get it, with the briefing due to start at 12.15pm. For the latest news please visit North Wa...

DEBENHAMS - which has a department store in Weymouth town centre - has been rescued in a buyout deal today - but branches will still close. Online fashion retailer Boohoo has bought the Debenhams brand and website for £55 million in a deal that will see the eponymous department store name survive, but the company’s remaining 118 stores close for good. Debenhams in Weymouth Picture: Michael Taylor The deal will see Debenhams products sold by Boohoo from later this year, allowing enough time for liquidators to continue closing the retailer’s sites once they are allowed to reopen afte...