Debenhams announce new CEO

Endaba Group

Sergio Bucher has been named the new CEO of Debenhams. Britain’s second-largest department store group have secured the executive from Amazon’s fashion business, and were attracted to his online and international experience. Debenhams have struggled in recent years as department stores have been losing their appeal due to stiff competition, and hope that Bucher’s experience at Puma, Nika and Inditex will help turn the company around. Debenhams was recently valued at £901m after shares closed on Wednesday at 73.8 pence.