Sports Direct and House of Fraser boss, Mike Ashley's attempt to take control of ailing UK Department store chain Debenhams may come under the scrutiny of the competition watchdog the CWA, Shares in Debenhams rose nearly 16% on Friday to , after Ashley attempted to call a Debenhams shareholder meeting to remove the department store's directors and install himself as chief executive. Debenhams is attempting to refinance £520m in debt facilities before the end of April. With uncertainty around the terms of the deal, Ashley is hoping to win over shareholders. The CWA have made no comment, bu
Sports Direct and House of Fraser boss, Mike Ashley's attempt to take control of ailing UK Department store chain Debenhams may come under the scrutiny of the competition watchdog the CWA, Shares in Debenhams rose nearly 16% on Friday to , after Ashley attempted to call a Debenhams shareholder meeting to remove the department store's directors and install himself as chief executive. Debenhams is attempting to refinance £520m in debt facilities before the end of April. With uncertainty around the terms of the deal, Ashley is hoping to win over shareholders. The CWA have made no comment, but will be concerned that Ashley's Sports Direct owns rival store House of Fraser and a near 30% stake in Debenhams already.
Size: 3500px × 2625px
Photo credit: © SOPA Images / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: business, chain, crisis, debenhams, debt, department, economy, facilities, financial, launch, logo, rival, shop, sign, store
