Debenhams strikes rent deals to save most stores

DEBENHAMS has secured new rent deals with landlords after falling into administration last week, while rival department store John Lewis has stopped offering interest-free credit as the lockdown hammers the economy.

Debenhams has new agreements with landlords at 120 of its 142 branches, but seven stores will still shut.

Loans at John Lewis were halted when Britain plunged into crisis, with analysts predicting that lenders will be