High Street Store Debenhams is at the point of calling in the administrators as the Coronavirus crisis has pushed the already struggling chain to the point of collapse.
In a statement released this morning, the Company said
“This move will protect Debenhams from the threat of legal action that could have the effect of pushing the business into liquidation while its 142 UK stores remain closed in line with the government’s current advice regarding the Covid-19 pandemic.The group is making preparations to resume trading its stores once government restrictions are lifted.”
The Company runs 142 stores and employs around 22,000 workers, including a large store in the Centre of Manchester.It had already closed 22 shops in recent months as part of plans to shut 50 sites and bring its total estate to 110
