Debenhams boss: ‘We’re not on a cliff edge’

Mark Gifford

Debenhams chair Mark Gifford has said the department store group is trading better than expected, providing reassurance amid speculation about its future.

Debenhams, which is in administration, has had to cut jobs and close some stores but Gifford said: ”We are sitting with over £95m in the bank, more than £50m higher than we expected to have when we went into administration. That’s really changed the whole complexion and prospects.” 

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