Sports Direct boss Mike Ashley is funding a legal challenge to a deal which rescued Debenhams from administration in order to “eliminate a competitor”, the troubled retailer has told the British high court. Photograph:  Simon Dawson/Reuters

Sports Direct boss Mike Ashley is funding a legal challenge to a deal which rescued Debenhams from administration in order to “eliminate a competitor”(...)

Debenhams says it has undertaken “constructive discussions” with M&G and that both parties have “resolved their concerns” surrounding a company voluntary arrangement. Photograph: Simon Dawson/Reuters

Debenhams has called for Mike Ashley to drop a challenge to its store closures and rent reductions, after property firm M&G withdrew from a simila(...)