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Evening Standard

Henry Saker-Clark

Turnaround plan drives Debenhams back to growth

Debenhams Pretty Little Thing Boohoo

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) -

Debenhams Group has bounced back to growth over the past quarter as its major turnaround plan starts to reap rewards.

Shares in the company, which also owns Boohoo and Pretty Little Thing, shot around 25% higher in early trading.

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