British multinational retailer Debenhams is looking to sell Magasin du Nord in order to bolster its finances and help cope with an industry crisis on the British home market. The announcement came after the Debenhams had to lower their financial expectations for the third time in 2018. In the latest fiscal year, Magasin had a DKK 2.8bn turnover with a net profit before tax of DKK 173m.
