Debenhams chairman to stand down

The retailer’s Christmas trading update showed that sales for the six weeks to January 5, 2019 were down 3.4% on a reported like-for-like basis

UK retailer Debenhams’ chairman Ian Cheshire is to stand down with immediate effect.

At the retailer’s AGM on 10 January, two major shareholders (reportedly Mike Ashley’s Sports Direct and Dubai-based Landmark Group, which together hold 38% of Debenhams’ shares) voted...

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