Debenhams share price slumps as business calls in KPMG


Debenhams’s share price tumbled 10.16% to 11.43p on Monday after news broke over the weekend that the beleaguered retailer had called in KPMG as it considers restructuring options including store closures and a company voluntary arrangement.

At one point during the day shares were down 17% from closing price on Friday, but rallied after management issued a statement saying it expecys to report pre-tax profits of around £33m this year, within the current market range of £31m to £36.5m next month.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now