4th Feb 2019 18:09
LONDON (Alliance News) - Struggling department store Debenhams PLC is looking to restructure its property portfolio ahead of a quarterly rent date in March, the Financial Times reported.
The retailer - in which Sports Direct International PLC holds just under a 30% stake - is also drawing up documents for a company voluntary arrangement, a type of insolvency deal, which could take place in the next few weeks, the FT said citing three people familiar with the plans.
https://www.ft.com/content/b93e5074-26fa-11e9-88a4-c32129756dd8
Debenhams shares closed down 6.0% at 3.438 pence on Monday, while Sports Direct lost 1.7% to 277.30p.
Related Shares:
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