Debenhams was once a high street gem, can it ever be great again?
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telegraph.co.ukMike Ashley called the retailer’s fall from grace “a national tragedy”. The founder of Sports Direct was no doubt smarting from the fact Debenhams’ lenders had rejected his offer of financial backing - but that doesn’t stop his words from carrying a central truth.
Debenhams has been a British staple for nearly 250 years and it is sad to see how it has floundered for most of this century.
This week, JD Sports inched closer to winning control of the beleaguered department store after it entered exclusive talks with advisers about a deal.
A transaction will raise fresh hopes among Debenhams staff, who have endured years of uncertainty as a combination of heavy debts and changing tastes have taken it from riches to ruin.
Read more on telegraph.co.uk
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