The collapse of fashion empire Arcadia could trigger a fresh wave Debenhams store closures - with fears mounting that the company could also enter liquidation.
JD Sports is currently lined up to rescue the ailing department store chain - however it could back out of a deal if Sir Philip Green's fashion house collapses.
JD’s board was due to confirm the Debenhams acquisition last week, but had second thoughts after learning that Arcadia could appoint administrators on Monday, The Sunday Times reported.
The sportswear chain is said to be interested in Debenhams because its website is still one of the most popular shopping destinations, and such a move would allow the sports retailer to snap up cheap space on the high street.
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