Debenhams raises ‘For sale’ sign to secure future

Department store group Debenhams has appointed advisors to oversee a possible sale

Debenhams is preparing to seek new owners among a range of options being considered to put it on a firm footing after its collapse earlier this year.

Debenhams is poised to appoint City bank Lazard to oversee a sale process and canvass potential buyers, The Mail on Sunday reported.

Debenhams hit the buffers for a second time in a year in April as the coronavirus outbreak led to the closure of stores during lockdown.

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