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Debenhams to Hire Team for Restructuring, Telegraph Reports

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U.K. retailer Debenhams Plc, which has issued three profit warnings this year, recruited restructuring experts from KPMG LLP as an insurance provider again raised the cost to cover suppliers’ shipments to the company, British newspapers reported. The KPMG team has been instructed to draw up an emergency turnaround plan, including the possible filing of a…

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