Debenhams, one of Britain’s biggest department store chains with more than two centuries of history, is set to fall victim to the coronavirus pandemic after rescue-deal talks ended in failure.
The retailer, which went into administration in April for the second time in a year, announced on Tuesday that it is going to start the “wind-down of Debenhams UK.” The company is still looking for buyers for all or parts of the business, but if no offer emerges, it will close all 124 stores across the country, possibly next year, leaving 12,000 jobs hanging in the balance.
Continue reading https://on.rt.com/aw8p