Sep 9, 2018
Debenhams calls in KPMG to assess future options
Debenhams has brought in advisors from KPMG to assess a number of options to improve the fortunes of the department store chain. Debenhams has acknowledged High Street market conditions are "Challenging". "Like all companies, Debenhams frequently works with different advisors on various projects in the normal course of business," the department store said in a statement. Debenhams will be wanting to look at all the options open to them. Given the fact that very few of its 170 stores are actually loss-making, Debenhams will want to look at all its options before making any decisions about reducing the size of its estate.
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