The British retailer Debenhams has extracted a €66 million (£54.8 million) dividend from its loss-making Irish network of 11 department stores.
The Irish unit paid the dividend in 2013 from its accumulated reserves, according to new company filings. The money was paid to the London retailer from its main Irish trading company Debenhams Retail (Ireland), via a transfer from another Dublin registered subsidiary called Debenhams Retail Holdings (Ireland).
The payment was the first time in recent years...
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