LONDON (Thomson Financial) - Debenhams chairman John Lovering is believed to
be considering stepping down from the helm of the department store group, the
Sunday Telegraph reported, without citing sources.
This would be a blow to the chain, which has seen its share price fall by
two-thirds since it floated in 2006 after a spell under CVC, TPG and Merrill
Lynch Private Equity, the newspaper said.
Although details are unconfirmed, it is thought Lovering will step down
within the next year, the paper added.
nick.huber@thomson.com
nh/vs
COPYRIGHT
Copyright Thomson Financial News Limited 2008. All rights reserved.
The copying, republication or redistribution of Thomson Financial News Content,
including by framing or similar means, is expressly prohibited without the prior
written consent of Thomson Financial News.
|