Debenhams goes for restructure as Mike Ashley legal challenge fails

At least £100m of ailing retailer’s £600m-plus of debt will be converted to equityDebenhams is to press ahead with a financial restructure to cut its debts after a legal challenge backed by Mike Ashley’s Sports Direct drew to a close.The restructure will result in at least £100m of the ailing department store chain’s £600m-plus of debt being converted to equity. Continue reading...