By  on April 18, 2019

LONDON — In a widely anticipated move, Sergio Bucher has stepped down as chief executive officer of the embattled British department store chain Debenhams, and the search is on to find his successor.

Bucher’s exit comes a week after the debt-saddled Debenhams passed into the hands of its lenders after seeking bankruptcy protection. Under the new ownership, the company will now have access to 200 million pounds in fresh funds, while all commercial relationships will remain unaffected.

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