Debenhams shares plunged by more than a fifth on Wednesday amid fears for its financial health, as a grim year for some of the high street’s best-known names threatened to get even worse.
The 240-year-old department store chain was valued at just £65m by the end of the day, after its shares fell by 21% amid reports that it was now being shunned by suppliers.
It was the biggest one-day fall recorded by the retailer for more than a decade.
