By Frances Ivens2018-10-25T08:17:00
Source: Shutterstock/Jason Batterham
Debehnhams has announced plans to close 50 of its 166 stores and scrap its annual dividend as it revealed record £491.5m losses for the year to September.
The store closures, at as yet unnamed locations, will put up to 4,000 jobs at risk as chief executive Sergio Bucher said the company was “taking tough decisions” on locations where financial performance was likely to deteriorate over time.
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