Debenhams finance director under fire

Debenhams' Glasgow store. Picture: TSPL
Debenhams' Glasgow store. Picture: TSPL
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Department store chain Debenhams was yesterday said to be facing pressure to axe its finance chief amid increasing shareholder concern over his performance.

Several major investors in the group are reported to have voiced worries over finance director Simon Herrick – who last week came under fire over a so-called “Santa tax” move to hit suppliers with demands for a discount days before Christmas. The chain issued a profits warning in March.