The battle between Sports Direct and Debenhams has taken another twist with the sports retailer owned by Mike Ashley seeking to launch legal action against the department store group over its proposed rescue deal.
Sports Direct is talking to landlords and other groups about trying to stop Debenhams’ company voluntary arrangement (CVA) through court action.
CVAs are an insolvency mechanism that allow failing businesses to avoid collapse by reducing rents and breaking leases on some stores.
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