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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Debenhams Plc       GB00B126KH97

DEBENHAMS PLC

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Debenhams : in talks with Aviva to offload its executive pensions

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01/13/2020 | 02:51am EDT

STRUGGLING retailer Debenhams is in advanced talks with Aviva about the insurer buying out its executive pension scheme, which holds more than £200m in assets.

Debenhams is closing in on the deal as it shutters dozens of stores around the country, Sky News reported yesterday.

It would guarantee that members of the executive pension scheme enjoy its benefits in future.

The deal could prove controversial, however, as the main Debenhams scheme is not included.

Debenhams and Aviva both declined to comment.

(c) 2020 City A.M., source Newspaper


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Managers
NameTitle
Mark Anthony Gifford Chairman
Nicola Kinnaird Independent Non-Executive Director
David Alexander Robertson Adams Independent Non-Executive Director
Stephen Sunnucks Director
Beatrice Madeleine Lafon Non-Executive Director