Debenhams has drafted in advisers at Deloitte in case a legal challenge against its rescue plan is derailed, potentially pushing it into administration.
The department store chain won the approval of its creditors, including most of its landlords, to go ahead with a restructuring in May, with 50 of its 166 UK stores earmarked to close. It also secured rent cuts on other stores.
Debenhams has drafted in advisers at Deloitte in case a legal challenge against its rescue plan is derailed, potentially pushing it into administration.
The department store chain won the approval of its creditors, including most of its landlords, to go ahead with a restructuring in May, with 50 of its 166 UK stores earmarked to close. It also secured rent cuts on other stores.
Click here to read the full article (£)
