Debenhams calls on advisers at KPMG to help with turnaround plans after interrupting 400 employees and closing two stores
City & Finance Reporter for the Daily Mail
Debenhams has engaged advisors at KPMG to help with her recovery plans
Debenhams has engaged advisors at KPMG to help with her recovery plans.
The struggling department store chain is looking at options, including a voluntary company, according to industry sources.
This could allow it to close stores, reduce debt and negotiate rent
Five years ago, Debenham's earnings of £ 150 million boasted, but half a decade of falling sales and heavy discounts have hurt the margins.
It issued three profit warnings this year, removed about 400 jobs and closed two stores.
A spokesperson for the company said: & # 39; Like all companies, Debenhams regularly works with different advisers on different projects.