Debenhams will be liquidated, with 12,000 jobs at risk - Business Insider

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British department store chain Debenhams will close all of its 124 stores as it enters liquidation, with 12,000 jobs at risk

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.British department store chain Debenhams will close its stores during a liquidation process that could risk 12,000 jobs, its administrators FRP Advisory said Tuesday.

The decision to wind-down Debenhams, which trades from 124 UK stores, followed its failure to find a buyer, its administrators FRP Advisory said Tuesday. The collapse of Debenhams comes a day after Philip Green's Arcadia fashion group, which owns brands including Topshop and Dorothy Perkins,Signet CEO Gina Drosos says the jewelry industry has been 'quite behind in developing e-commerce.' Here's how the owner of Zales and Jared has accelerated its move online during the pandemic.

 

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