Debenhams creditors give CVA green light

debenhams high street frontage

Debenhams executive chair Terry Duddy said creditors had “overwhelmingly backed” its restructuring plan, surpassing the 75% threshold needed to give the CVA the go-ahead.

Around 1,200 workers will be affected by the coming closures, but the business has said it will redeploy staff where possible.

 

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