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Debenhams delisted from the London Stock Exchange last December, following the trend set by BHS, Selfridges and Arcadia. It was bought by Baroness Retail, a consortium that includes the private-equity groups CVC Capital, Texas Pacific and Merrill Lynch PE. Baroness trumped an offer from Permira and paid £1,700m for the 104 stores. Since the buyout, Debenhams has announced 200 job cuts in a bid to reduce borrowings but reported operating profits of £176m on sales of £1,810m in 2003.

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Company details
ActivityDepartment store operator
LocationCentral London
Sales £m1,810
Profit £m176
Year endAug 03
Principal shareholdersCVC Capital, Texas Pacific and Merrill Lynch PE (100%)

If applicable:

* Supplied by company † Annualised figure **Estimated