The Debenhams department store chain is to be wound down after Christmas, with the loss of up to 12,000 jobs and closure of 124 stores in a new blow to the high street.
The liquidation of the 240-year-old business came just a day after Philip Greens Arcadia group, the owner of brands including Topshop, Miss Selfridge and Wallis, collapsed into administration. A total of 25,000 jobs are now at risk at the two companies, which were once part of the Burton Group.
The demise of the department store chain will hit many towns across the UK, as the shops are anchor tenants in numerous shopping centres and key attractions on high streets.
Alongside Arcadia, a host of other established high street names are in trouble, battered by the twin probl…
Read the full article at: https://www.theguardian.com/business/2020/dec/01/debenhams-close-stores-jobs-department-store-jd-sports
