Debenhams set for administration after rejecting Mike Ashley's £150m rescue offer

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Debenhams has rejected Mike Ashley's £150m last-ditch offer to rescue the troubled department store, putting it on course for administration in the next 24 hours.

Debenhams has rejected Mike Ashley's £150m last-ditch offer to rescue the troubled department store, putting it on course for administration in the next 24 hours.

 

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Seems disgraceful that the board can reject the offer and opt for pre-pack administration. If they go into administration the business should be sold to the highest bidder. Can't believe the administrators will be allowed to ignore other potential offers. debenhams

How the hell can Debenhams crash.

Feel sorry for any stakeholders

They should of sold it ages ago... I can’t see them getting their money back now ... They should be thankful to UncleMike ‘s offer Of 5p .. ...

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