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Debenhams closure: Christmas orders, refunds, exchanges and gift card rights explained
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mirror.co.ukDebenhams is on the brink of liquidation after last-ditch efforts to secure a rescue deal failed on Tuesday morning. JD Sports was tipped to take the 242-year-old department store over after it crashed into administration for the third time in April, amid ongoing cash flow problems.
However, the sportswear chain withdrew its offer as news of Arcadia's collapse emerged. The company now faces liquidation - in a move that could result in 124 store closures and 12,000 redundancies.
Debenhams said it would continue to trade, for now, to clear stock as administrators seek a buyer for all or parts of the UK business.
Debenhams outlets will continue to accept the firm's store cards and process returns as normal. Its statement read: "The sale
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