Debenhams confirms group placed into administration

Retail chain Debenhams has been placed into administration. The high street giant confirmed today that Chad Griffin, Simon Kirkhope and Andrew Johnson of FTI Consulting LLP have been appointed as joint administrators and the completion of the sale of the group, other than plc, to a newly-incorporated company, controlled by its secured lenders. Under its new ownership, the group will have available to it significant additional funding in line with the £200m new money facilities announced on March 29, 2019. The group said it w... For the full story register now for free or login below...