Image copyright Getty ImagesDebenhams has appointed a firm to draw up contingency plans for a possible liquidation of the department store.
The company, which is in administration, has hired Hilco Capital, a firm that specialises in winding up struggling retailers.
Debenhams said it was “trading strongly” and Hilco’s appointment did not mean a liquidation was likely.
Last week Debenhams said it would axe 2,500 more jobs, on top of 4,000 cuts it announced in May.
Debenhams filed for administration in April – the second time in a little over a year – and is examining options to exit the process.
These include the current owners continuing to run the business, a sale of Debenhams or a joint venture with new or existing investors.
