Debenhams’ Irish pre-tax profits slump to €6m

A CHALLENGING year for Debenhams Retail (Ireland) saw its pre-tax profits plunge from €16.7 million to almost €6m last year.

The company said a restructuring programme of its Irish operations it announced in January will cost it up to €11.3m.

It said this restructuring of the business in Ireland will “ensure that the business has the flexible and right-sized workforce that it needs for the future”.