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Debenhams falls into administration


Well they made it to April. Pre-Packs should be outlawed as it is a kind of 'get out of jail' card for incompetence and mismanagement. While this was the biggest certainty of the year, yet again we have a statement from a business that takes no personal responsibility whatsoever for its own failings. If it were ran properly, it would not be in the state it is in. It was not. Poor management can waste £200M rather quickly, so its long term prospects are far from good on current evidence.

Posted date

9 April 2019

Posted time

11:15 am