News

Debenhams enters administration

By 2019-04-09T10:40:00

Debenhams

Source: Shutterstock/Pajor Pawel

Debenhams has fallen into pre-pack administration, after turning down a fresh offer from Mike Ashley.

The move, putting Debenhams’ lenders in control of the company, wipes out Sports Direct’s 30% holding in the company, worth around £150m.

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