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Evening Standard
Evening Standard
Henry Saker-Clark

Debenhams reveals earnings jump as turnaround gathers pace

It is the latest move in an increasingly bitter row between Debenhams and Mike Ashley’s Frasers Group, which owns an almost 29% stake in Debenhams (Alamy/PA) -

Online retail group Debenhams has revealed earnings bounced back into profit for the past six months as sales strengthened.

The retailer, which also owns the Boohoo and Pretty Little Thing brands, said it expects earnings to continue to improve after efforts to cut costs as it makes progress with its major turnaround plan.

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