Profits leap at newly-privatised Debenhams

The new owners of Debenhams today reported a sharp jump in profits in the first set of results since the department store chain was taken private.

The new owners of Debenhams today reported a sharp jump in profits in the first set of results since the UK department store chain was taken private.

Debenhams is now owned by a group of private equity companies, who said trading profits grew by 14% to £184.7m (€265.1m) with turnover up 5% at £1.9bn (€2.7bn) in the year to August 28.