New Debenhams owners line up European turnaround veteran

Debenhams Sports Direct

‎The new owners of Debenhams are close to parachuting in one of Europe’s most experienced turnaround executives just hours after taking control of the department store chain.

Sky News has learnt that Stefaan Vansteenkiste, a managing director at the professional services firm Alvarez & Marsal, is being lined up as chief restructuring officer of Debenhams‎.