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Evening Standard
Evening Standard
Henry Saker-Clark

Debenhams shrinks losses as turnaround ‘continues at 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 fashion firm Debenhams has hailed a “year of significant and successful transformation” as it narrowed losses despite a further fall in sales.

The retail group, which also owns Boohoo and Pretty Little Thing, said its major turnaround programme has continued “at pace”.

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