Finance

Debenhams shares plunge as fears of CVA grow

By 2018-09-10T08:06:00

Debenhams

Source: Shutterstock/Pajor Pawel

Shares in Debenhams have plunged more than 17% in early trading this morning after it emerged the department store chain has called in KPMG to advise it over options, which may include yet another corporate voluntary arrangement on the high street.

The store group is currently undergoing a turnaround plan designed to cut costs and boost sales, following three profit warnings so far this year.

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