Poland and Polish Discussion Group and Forum

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Silly story

'Saint's curse' has Debenhams on the slide
By Simon Goodley

As Debenhams investors wonder what's caused the 40pc drop the department store's shares since it floated at 195p a year ago, here's a slightly different explanation to the one about the company being saddled with high debts.

The Knights of St Edmund, a group of local campaigners who have assumed the mantle of the old guardians of the city, are claiming the credit for the drop.

They slapped the Curse of St Edmund on the retailer back in November 2005, after it signed up to a local development they disliked.

"Shouldn't Debenhams shareholders be insisting that the directors lift the Saint's curse by abandoning their role as the lead store in the cattle-market development?" the knights ask.

Well, it's a view, I suppose. They add that the curse brings on "destruction of property, horrible death, fearful insanity and various venereal diseases".

No wonder the odd person might have thought of shopping elsewhere.

(PS - I recommend Bury St Edmund's as a good place to visit on a tour of East Anglia.)