StockMarketWire.com - Debenhams said Friday it was 'disappointed' by a move by Sports Direct boss Mike Ashley to appoint himself to the board in an executive role and oust nearly all the other directors.

The board has been engaging with Sports Direct and our other stakeholders regarding options to restructure our balance sheet and is disappointed that Sports Direct has taken this action,' Debenhams said. 'In the meantime, discussions to address our future funding requirements are well advanced.' Story provided by StockMarketWire.com