Debenhams Collapses, After 200 Years of Trading




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ORIGINAL POST

Posted by Ed 3 mths ago
Shares of UK-based multinational department store Debenhams — with 165 stores in the UK and Ireland and with 58 franchise stores in 19 other countries — were suspended today after the company and its creditors turned down two last ditch rescue offers from discount retail group Sports Direct, which owns close to 30% of Debenhams’ stock. Debenham’s shares have collapsed spectacularly since they were floated on the stock market in 2006 by its then-private equity owners, Texas Pacific Group, CVC, and Merrill Lynch Private Equity:


https://wolfstreet.com/wp-content/uploads/2019/04/UK-Debenhams-2019-04-09.png

https://wolfstreet.com/2019/04/09/uk-based-multinational-department-store-debenhams-collapses-after-200-years-of-trading/


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