Debenhams deadline for rescue bids looms

Debenhams australia

Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.

Investment bank Lazard, which is running the auction process for the struggling retailer, has reportedly asked interested parties to submit their bids for the business by 5pm today.

The move comes as Debenhams administrator FRP Advisory seeks to conclude a prospective sale process by the end of this month.

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