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Debenhams chairman resigns after plunge in sales

By Wale Azeez, business reporter
Debenhams chairman Sir Ian Cheshire has stepped down after another plunge in sales left the department store chain fighting for its survival.
In the post for three years, Sir Ian informed the troubled retailer of his decision to go at a board meeting following the company's AGM on Thursday.
According to Debenhams, Sir Ian resigned after two members of the board voted against his re-election.
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