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A former chairman of Debenhams who made multi-million pound personal gains from the store has claimed its downfall was due to bad luck . John Lovering, who in his heyday was one of the best-known figures on the UK retail scene, added that online fashion group Boohoo has snapped up the Debenhams brand at a rock bottom price. The 71-year-old made a multi-million pound sum from the float of Debenhams in 2006 after three years of private equity ownership. In the money: Former Debenhams chairman John Lovering has claimed the 243-year-old department store chain s downfall was due to bad luck Speaking to the Mail from his £1.5million farmhouse in East Sussex, he denied claims he made a £21million profit but said he had given £12million of his Debenhams shares to a charitable trust he runs.

East sussexUnited kingdomCity ofJohn loveringLovering charitable foundationHome baseDulwich collegeMaplin electronicsFormer debenhamsWas debenhamsMo neyMoney newsகிழக்கு சசெக்ஸ்ஒன்றுபட்டது கிஂக்டம்நகரம் ஆஃப்ஜான் காதலன்