Debenhams chief executive Stefaan Vansteenkiste is to resign after less than a year in charge.
Sky News reported that he will step down within months, with a search for his successor already started.
Billed as a corporate turnaround specialist when he joined as chief restructuring officer last April, he was then promoted to interim chief executive in the wake of executive chairman Terry Duddy resigning in August.
He helped steer the department store chain’s Company Voluntary Arrangement, which yesterday was confirmed to be proceeding, after legal challenges had concluded in its favour.
Debenhams will now continue with plans to close 50 of its 166 stores and secure rent cuts on others, while also working to restructure the company’s debt.
At time of writing, Debenhams had not responded to requests for confirmation or comment.
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Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
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For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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