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Debenhams collapse was 'bad luck', says chairman who made millions

A former chairman of Debenhams who made multi-million pound personal gains from the store has claimed its downfall was due to bad luck. John Lovering, who in his heyday was one of the best-known figures on the UK retail scene, added that online fashion group Boohoo has snapped up the Debenhams brand at a rock bottom price. The 71-year-old made a multi-million pound sum from the float of Debenhams in 2006 after three years of private equity ownership. In the money: Former Debenhams chairman Joh...
East Sussex United Kingdom City Of John Lovering Lovering Charitable Foundation Home Base

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