UK's Debenhams rises after $122-million Sheffield distribution centre disposal
10/09/2026 08:36
BUZZ-UK's Debenhams rises after $122-million Sheffield distribution centre disposal ** Shares of British fashion retailer Debenhams DEBS.L jump 9.4% to 23.25p
** Company sells automation at its Sheffield distribution centre and reassigns lease to Primark Stores for £90 million ($121.98 million) in cash
** Expects deal to leave net debt "negligible" by year-end February 2027
** RBC analysts say the disposal will reduce Debenhams' annual depreciation by about £12 million, interest costs by at least £10 million and cash lease costs by about £4 million, supporting deleveraging
($1 = 0.7378 pounds)
(Reporting by Atharva Singh in Bengaluru)