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Wow he was all talk, said he dropped £50k in Debs and that's turned into a disaster. At least there's still life in Abal until we get news whichever way.

Where's Scully gone?

This is all to benefit SPD, Debs is finished. MA is just saving face and putting a PR spin to his failing of taking over Debs. I kept stating Afren as I got stung with that before and the same rhetoric was mentioned, it was in pounds before and will go back up once it's sorted out, that never happened and the company went under. The same with Debs it was at one point 75p and now 1p-2p, there's a reason why a company has fallen back so much, it's on its way out.

Debs is added to the list of Afren, Flybe and others hopefully people haven't invested too much in it.

Yep he was saying big things with DEB and look what's happened there. Just need to be patient with Abal and hope for the best.

The BOD and senior management are a disgrace for letting Debs go down like this.

Wow huge news, where's Warik when he was giving it large yesterday

I said remember the Afren saga and just recently Flybe, this sort of money going from hands will continue.

Cold you reckon a deal is on the table

No update yet of whether we've got wind if the BOD want to extend this

Really wish an agreement can be done but I reckon BOD would rather hand over Debs to the lenders than MA in order to save their own jobs.

https://www.google.com/amp/s/amp.theguardian.com/business/2019/apr/08/debenhams-mike-ashley-rescue-deal

Just letting people know of the dangers of getting in too deep with sinking ships. Good you mention Flybe that's a more recent disaster that sank.

Look into Afren, sinking ships with all sorts of rampers and derampers on there before the sink completely sank.

They've put this cos they know MA won't go ahead with those 4 demands especially working with the BOD

Hedge Funds are ruthless, look at AC Milan, the Italian football club, the club borrowed heavy from them, failed to make payments and they took ownership of the club, US hedge funds now own AC Milan. They'll now strip it down, try to make the club top again and sell on for a massive profit.

The lenders hold all the cards, they'll decide what's best for them not the BOD. I hope MA gets Debenhams and combines it with HOF as I'm a big fan of both, just dinosaurs running Debs to the ground currently.

https://www.google.com/amp/s/amp.theguardian.com/business/2019/apr/07/debenhams-accused-bad-faith-hope-fades-rescue-deal-mike-ashley It's turning into an absolute mess which ultimately could result in 000's of job losses.

The BOD, store managers, area managers should've done a lot better in improving customer service, if you're shopping in-store shoppers are expecting great customer service and helpful staff, compare the service from M&S and John Lewis, Debs is way behind. They should've improved the customer experience which is something stores can get a head of compared to online experience. Also they should've competed online with better pictures of the products, compare the pictures to ASOS and boohoo, Debs is awful when compared to those pure online sites.

That's from the guardian article they wrote a few hours ago, I posted the link https://www.google.com/amp/s/amp.theguardian.com/business/2019/apr/06/mike-ashley-make-me-debenhams-ceo-back-150m-rescue