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Tag: restructure

Debenhams goes for restructure as Mike Ashley legal challenge fails | Business

Debenhams is to press ahead with a financial restructure to cut its debts after a legal challenge backed by Mike Ashley’s Sports Direct drew to a close. The restructure will result in at least £100m of the ailing department store chain’s £600m-plus of debt being converted to equity. Stefaan Vansteenkiste, the chief executive of Debenhams, …

Debenhams goes for restructure as Mike Ashley legal challenge fails | BusinessRead More