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Bankrupt Debenhams Might Have a White Knight Lined Up

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Bankrupt Debenhams has attracted interest from an overseas investor. In April, the fashion chain filed fell into administration, the U.K. equivalent of a U.S. bankruptcy, and slashed 2,500 jobs last month in an effort to stay afloat. Lazard, the retailer’s banker, had been hoping to wrap up a Debenhams sale by the end of this month….

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