According to a report in the Mail on Sunday, the British department store chain Debenhams plc is considering returning to the stockmarket. At the end of 2003, Debenhams went private after what turned out to be drawn-out GBP 1.7 billion takeover battle.
Rumour has it that the company’s management is meeting with several banks over the next few weeks to discuss and negotiate a possible return to public ownership.
Most retailers have suffered poor sales since Christmas. Last November retail consultancy company Verdict published a report that revealed that UK department stores are losing out in the clothing market department to supermarkets and specialised retailers as places to buy clothes from.
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