UK's Debenhams surges on upbeat profit forecast

Boohoo

27/11/2025 09:03

** Shares of British online fashion retailer Debenhams DEBS.L rise more than 23% to 14.3p; stock on track for best day since July 2020
** Co expects FY adjusted core profit to be ahead of last year, as it advances its turnaround strategy focused on cutting costs and boosting demand

** "The turnaround plan is coming together at pace – very rarely seen on the public markets" - Panmure Liberum

** Co to implement a new executive pay scheme worth up to 222 mln pounds ($293.4 mln) without seeking approval from shareholders after an unamed "major competitor" investor tried to block other resolutions
** Including session's gains, DEBS stock has fallen nearly 58% YTD

($1 = 0.7565 pounds)

 (Reporting by Akshaya V)

 ((akshayav@thomsonreuters.com))