Struggling department store chain Debenhams said shareholders could lose their entire investment as a result of some of the restructuring options it is considering.
The 200-year-old retailer said it is trying to refinance its debt, restructure its estate after a series of profit warnings and seek a cash injection of up to 200 million (A$373.1 million) from existing lenders at it tries to fend off a bid by Sports Directs Mike Ashley.
Ashley had offered a 150 million loan to Debenhams, but as part of the deal, he would have to be in charge of the chain.
The department store retailer said certain restructuring options would result in no equity value for the companys current shareholders.
Lenders have until this Thursday to approve Deben…
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