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Debenhams shares plummet in wake of possible CVA as chairman lashes out

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Debenhams shares plunged 17 per cent yesterday in the wake of news that KPMG was called in to help draft emergency plans to save the embattled retailer. Reports indicate that the department store was considering a list of options, including a CVA, an insolvency procedure used by struggling retailers to shut under-performing shops, cull staff numbers, and restructure the business in order to save it from complete collapse. According to The Sunday Telegraph , Debenhams reportedly called in KPMG to help draw up the turnaround plans

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Debenhams shares plummet in wake of possible CVA as chairman lashes out

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