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Debenhams Ayr reeling from latest blow after administrators' update

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dailyrecord.co.uk

Ayr Central Shopping Mall, has announced an update on its winding down and stock liquidation process.Debenhams’ administrator FRP Advisory says it is “continuing to engage with a number of third parties” regarding the sale of all, or parts, of the business.However, while this process continues, FRP Advisory says it will “continue to plan for the ongoing wind-down of the business,” as announced last month.Ayrshire Live told last month how Debenhams was to close its entire chain after last-ditch efforts to save the company failed.In Ayr, the numbers of staff affected are in excess of 100.In line with government restrictions, they are “temporarily closed.”The company’s cash crisis follows their plunge into administration for the second time.

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