Sky News has learnt that a syndicate of lenders including prominent hedge funds has appointed FTI Consulting to advise on their interest in one of Britains biggest retailers.
FTIs appointment is understood to have been signed off just days before Christmas, with Debenhams hoping to defy expectations of a dire festive trading period for the wider non-food retail sector.
The move will come as Debenhams prepares to hammer out the details of a wide-ranging restructuring plan that will involve closing dozens of stores, axing thousands of jobs and seeking an agreement with banks and other creditors.
The company has total borrowing facilities of just over 500m, which are due to expire next year but which can be extended until 2021.
Its mainst…
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