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	19/11/2011	Estates Gazette - Debenhams aims to crack Brazil

	Debenhams aiming to open in Brazil

	Debenhams is in talks with Sao Paulo-based developer Squarestone Brasil to open in Brazil. The retailer is eyeing the 320,000sq ft Golden Square development in Sao Bernardo for its first store in the region. The £158m scheme is being developed by Squarestone in partnership with Walton Street Capital and Banco BTG Pactual. The mall will have a total of 230 stores, including a circa 25,000sq ft Debenhams. In 2008, the retailer revealed plans to more than double its international sales to around £600m by the end of August 2012.

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Debenhams aiming to open in Brazil