Struggling department store4 Feb 2019 20:31
Struggling department store Debenhams PLC is looking to restructure its property portfolio ahead of a quarterly rent date in March, the Financial Times reported.
The retailer - in which Sports Direct International PLC holds just under a 30% stake - is also drawing up documents for a company voluntary arrangement, a type of insolvency deal, which could take place in the next few weeks, the FT said citing three people familiar with the plans.