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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Debenhams’ alarming rent bill

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Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.
Future aggregate minimum payments under ‘non-cancellable’ operating leases amount to more than £4.5bn at Debenhams (DEB), according to the ailing department store operator’s 2017 annual report and accounts. The fact the hard-pressed British brand is locked into very long-term leases will hinder CEO Sergio Bucher’s attempts to turn round Debenhams. Disappointing Christmas sales and a return to heavy discounts lay behind a severe profit warning (4 Jan), which has prompted brokerage Liberum Capital to downgrade its full year pre-tax profit estimate by 35% to £52.1m.
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