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What does Debenhams' takeover actually mean?

Sky News Follow
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  • 4 years ago
  • 4,062 views
  • 45 likes
  • 20 comments
Department store chain Debenhams has entered into a pre-pack administration and been taken over by its lenders.

Its chairman said in a statement: "Our customers, colleagues, pension holders, suppliers and landlords can be reassured that Debenhams will now be able to move forward on a stable footing."

Sky's Adam Parsons explains what this means.

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