Debenhams pushes on with rationalisation plan following pre-pack administration

Debenhams has been sold to a new company,  Celine Newco I Ltd, controlled by its lenders in a pre-pack administration process. It will now push ahead with plans to close up to 50 stores and develop a lower cost approach for another 20 stores. The company’s directors rejected an investment from Sports Direct which owned … Continue reading Debenhams pushes on with rationalisation plan following pre-pack administration