Debenhams

[Simon]

Quick Q. Very quick

They are going to be wound down after being in administration since April

My wife bought a coat which doesn't fit and is due to be collected by the return courier TODAY.

Do we let them collect? Or will we definitely not get a refund if they do?

[Simon]

The problem is that if we don't get refunded and then fallback on the credit card they might argue that we allowed them to collect after the announcement.

[JonMad]

If you kept it, would you get your money back? No. Would you (she) wear the coat? No. So I'd return it. imo.

[Simon]

OK I spoke to the credit card company (don't know why I didn't start there). They said to return it and I'd be covered regardless. So it's going back.

Thx.

[JonMad]

Cool, good to know.

[mik]

Find a lady tramp and send her coat back instead - giving her this new one. She will then reveal herself to be a billionaire masquerading as a tramp simply to find a kind hearted fellow, and gift you £25million pounds.

Thank me later.

[tim]

^^ that.

[Simon]

If only you'd told me that earlier. They collected it at lunchtime.

[Gavin]

12000 odd jobs at risk/axed? 2020 is the year that just keeps giving. As long as good old Sir Phil is ok, consoling himself on his 100 million dollar yacht... fucking scum bag.

[V8Granite]

12000 odd jobs at risk/axed? 2020 is the year that just keeps giving. As long as good old Sir Phil is ok, consoling himself on his 100 million dollar yacht... fucking scum bag.

It’s the pension pot that must be a huge worry for people. I always see Debenhams like John Lewis where a lot of people see it as a job for life.

Dave!

[integrale_evo]

Hard to blame Covid though, they’d been in trouble for ages and basically hadn’t changed their business model in 100 years.

Like much of the high street struggling, the greedy landlords and the councils doing their best to make it difficult for people to get into towns by reducing parking, overcharging for parking they do provide and trying to force people onto slow unreliable public transport have to shoulder some of the blame.

I have, like many on here I expect, been doing more and more of my purchasing online over the past few years before all this.

[Rich B]

Yeah, I thought Debenhams had gone ages ago - or is that BHS or some other massive shop I don't really know what they sell? Clothes? House stuff? No idea.

[Swervin_Mervin]

They went into administration in April. Been on the cards for years. The wife used to occasionally go in there and it was a depressing place - everything on permanent discount and the shop a total mess

[ZedLeg]

Most of their recent problems stem from being bled dry by a private equity firm a few years ago.

Paid £600m for it, took £1.2bil out of it. Company had £100m debt when they bought it and £1bil when they sold.

[dinny_g]

They went into administration in April. Been on the cards for years. The wife used to occasionally go in there and it was a depressing place - everything on permanent discount and the shop a total mess

This - well past it's prime for a number of years - it was like Sports direct for Lower Middle Class people

[Simon]

Most of their recent problems stem from being bled dry by a private equity firm a few years ago.

Paid £600m for it, took £1.2bil out of it. Company had £100m debt when they bought it and £1bil when they sold.

^^^ What Zed said. An all too common story IMO.

[ZedLeg]

Most of their recent problems stem from being bled dry by a private equity firm a few years ago.

Paid £600m for it, took £1.2bil out of it. Company had £100m debt when they bought it and £1bil when they sold.

^^^ What Zed said. An all too common story IMO.

Aye, once it starts it doesn't stop. The company gets punted around other firms to pick the bones until there's nothing left.