What did Debenhams do wrong?

Last week saw yet another established high street chain store file for administration.

Read full story

Shutterstock 168964658

Shares in Debenhams had fallen from 90p, 4 years ago, to 2p at the end of last week when they were suspended from trading. Shareholders such as Mike Ashley, face a total loss.

Where did Debenhams go wrong? What does the future hold for the company and how will this impact the wider high street?

Professor Chris Brooks shares his thoughts in his latest Leading Insight article for Henley Business School. Read the full piece here.

Next Steps

Read full story

Published	15 April 2019

You might also like

Academics Win Best Corporate Finance Paper Award 2016

8 November 2016

"Institutional Cross-ownership and Corporate Strategy: The Case of Mergers and Acquisitions" by Professor Chris Brooks, Dr Yeqin Zeng, and PhD Zhong Chen has been awarded Best Corporate Finance Paper at the 2016 Southern Finance Association annual conference. About the paper: The paper provides new evidence on the important role of institutional investors in affecting corporate strategy. We study institutional investors who hold stocks of both acquirers and targets before the announcements of mergers and acquisitions (M&As). The existence of these institutional cross-owners not only increases the probability of two firms merging, but also affects the outcomes of M&As. Institutional cross-ownership reduces target firm prices, lowers completion probabilities of deals with negative acquirer announcement returns, and increases the use of stock payment in M&A transactions. Furthermore, deals with high institutional cross-ownership have lower transaction costs and disclose more transparent financial statement information.

Henley among the world’s best in the Financial Times Executive MBA ranking 2014

22 October 2014

The Henley Executive MBA has been ranked as 53rd in the world, 20th in Europe and 7th in the UK.

Undergraduate open days at the ICMA Centre

1 September 2015