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What does Debenhams' takeover actually mean?
Posted
April 9, 2019
Views
7,764
Likes
53
Comments
16
Engagement
0.89%
April 9, 2019
7,764
53
16
0.89%
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1:43Now PlayingDepartment 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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