Monday February 24, 2020

Debenhams extracts €66m dividend from its 11 loss-making Irish stores

The British retailer Debenhams has extracted a €66 million (£54.8 million) dividend from its loss-making Irish network of 11 department stores.

20th April, 2014
Debenhams on Henry Street, Dublin: its Irish operations posted a loss of £7.2 million in 2013. Picture: Feargal Ward

The British retailer Debenhams has extracted a €66 million (£54.8 million) dividend from its loss-making Irish network of 11 department stores.

The Irish unit paid the dividend in 2013 from its accumulated reserves, according to new company filings. The money was paid to the London retailer from its main Irish trading company Debenhams Retail (Ireland), via a transfer from another Dublin registered subsidiary called Debenhams Retail Holdings (Ireland).

The payment was the first time in recent years...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 1 month ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago