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Property’s surviving super rich are marching in the right direction again: onwards and upwards. Two painful years wiped almost £30bn off their collective wealth, taking the top 250 property titans from a high of £98bn in 2007 to a low of £69bn last year. But, for most, the recovery is now feeding through. The 2010 Estates Gazette Rich List scrutinised empires worth a total of £72bn – still way below the peak of the boom but a not insignificant improvement.
Leading the charge are inevitably those with low borrowings and solid assets – witnessed by the resilience of the big London estates such as Grosvenor, Cadogan and Howard de Walden, all of which have seen their fortunes rise. But these centuries-old piggy banks are not the only ones in credit. Assets acquired far more recently put consummate deal makers like David and Simon Reuben and Richard and Ian Livingstone among the top performers.
Not everyone is seeing a recovery of fortune, however. The Irish feature heavily among tho
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Debenhams
Defunct British department store chain, 1778–2021
For other uses, see Debenham (disambiguation).
For the online retailer, see Debenhams.com.
Debenhams plc was a British department store chain operating in the United Kingdom, Denmark and the Republic of Ireland, and is still operating as a franchise in seven Middle East countries.[4] It was founded in 1778 as a single store in London and grew to 178 locations across those countries, also owning the Danish department store chain Magasin du Nord. In its final years, its headquarters were within the premises of its flagship store in Oxford Street, London. The range of goods sold included middle-to-high-end clothing, beauty, household items, and furniture.
The company suffered financial difficulties in the 21st century and entered administration twice, in April 2019 and April 2020.[5] In November 2020, Debenhams' main concession operator Arcadia also entered administration, leading to the collapse
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In March 2015, British businessman and the chairman of Arcadia Group Sir Philip Green sold BHS for e1 to Retail Acquisitions, owned bygd Dominic Chappell, a serial bankrupt who filed BHS for ledning shortly after. By April 2016, BHS had debts of e1.3bn, including a pensions deficit of e571m. Damaged Goodsfollows Green's journey to the big time, the sale of BHS and the subsequent investigation that concluded with Green paying e363m to the Pensions Regulator. In Damaged Goods, Oliver show more Shah, the award-winning reporter who first broke the story, shines a light on Green's past and Arcadia's uncertain future; this is the extraordinary konto of the retail magnate Sir Philip Green's life and his relationship with the high street.show lessTags
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