Debenhams urges watchdog to intervene in Mike Ashley coup attempt

Competition concerns raised about potential concentration of
control in hands of one man

Debenhams has
called on the competition watchdog to intervene in an attempted
boardroom coup by the Sports Direct and House of Fraser boss,
Mike
Ashley
.

Shares in the ailing department store rose nearly 16% on Friday,
or less than half a penny to 3.53p, after Ashley used a
stock market announcement
to call a Debenhams shareholder
meeting to oust nearly all its directors and install himself as
chief executive.

Source: FS – All-News2-Economy
Debenhams urges watchdog to intervene in Mike Ashley coup attempt