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Is Debenhams doomed to be Mike Ashley’s latest conquest?

Analysis: The department store chain has issued another profit warning as it battles to secure a rescue – and, as James Moore explains, the smart money is on Sports Direct’s bumptious boss to pick up the pieces

Tuesday 05 March 2019 16:10 GMT
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It’s raining at Debenhams: can Mike Ashley make the sun shine again?
It’s raining at Debenhams: can Mike Ashley make the sun shine again?

Mike Ashley’s ambitions to make the British high street a wholly owned subsidiary of Sports Direct have suffered a few blows of late.

He was in on the HMV fire sale but lost out to Canada’s Sunrise Records, to the delight of those who still buy physical music (especially vinyl). His bizarre interest in taking on Patisserie Valerie, the bust baker, didn’t last long.

Debenhams, however, is very much still in play.

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