Billionaire lashes out as US fund invade UK retail crisis


The billionaire

LOndon: UK retail billionaire Mike Ashley is lashing out after losing a fight with US hedge funds over department store chain Debenhams Plc.

The retail magnate, who made British headlines for power drinking and substandard working conditions at his sporting goods chain, has been blasting Debenhams management and making legal threats since lenders took control on April 9, wiping out his roughly 30% stake.

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