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The chairmen of two parliamentary committees say private equity firms accused of asset-stripping Debenhams should be quizzed about the fate of the department store s pensioners – who face a 10 per cent cut to their retirement payments. Darren Jones, who chairs the business, energy and industrial strategy committee, and Stephen Timms, chairman of the work and pensions committee, spoke out in the wake of the business s collapse. The final stores closed their doors in May, bringing an end to 243 years trading – although the website was bought by online fashion retailer Boohoo. Closure of the chain cost 18,500 people their jobs over the last 12 months.

United kingdomUnited statesCity ofStephen timmsPhilippe costeletosDarren jonesRob templemanMargaret hodgeJonathan feuerPension protection fundMerrill lynchTexas pacific groupIndustrial strategyFinancial timesஒன்றுபட்டது கிஂக்டம்ஒன்றுபட்டது மாநிலங்களில்