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Shoppers react to the news of Debenhams going into administration

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RUTH SUNDERLAND: ‘It is 13 years since Debenhams emerged from a brief but unhappy period under the control of a band of vulture capitalists. Such was the damage they wrought that the business never recovered. Rob Templeman, the chief executive installed by the private equity crew, is believed to have made around £9million from his Debenhams stake. But the private equity firms that installed him made much, much more – and shoppers and shareholders have been paying the price’. Stock image.

Original Article: http://www.dailymail.co.uk/debate/article-6905405/RUTH-SUNDERLAND-Debenhams-downfall-teach-lesson.html
Original Video: http://www.dailymail.co.uk/video/news/video-1902282/Video-Shoppers-react-news-Debenhams-going-administration.html

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Date: July 31, 2019

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