By Frances Ivens2019-04-09T10:40:00
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.
You must be logged in to continue
Register for free to finish this article
Registration includes the following benefits:
To access this article REGISTER NOW
Four articles not enough? SUBSCRIBE for unlimited access to over 100 weekly articles and our comprehensive archive. For as little as £5 per week.