Debenhams finance chief quits after profit warning

Debenhams issued a severe profit warning earlier this week. Credit: PA Wire

The finance director of Debenhams has quit days after the retail company issued a massive profit warning.

The company, which lowered its profit outlook after the hoped-for surge in last-minute Christmas shopping failed to materialise, said Simon Herrick had left with immediate effect.

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Debenhams finance chief quits after profit warning

The finance director of Debenhams has quit days after the retail company issued a massive profit warning after poor Christmas sales. But both John Lewis and House of Fraser enjoyed buoyant festive trading.