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How Debenhams shaped the way we dress

Britain death 2020 country Department The Way

01.12.2020 - 17:23

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the collapse of Sir Philip Green’s Arcadia group - one of Debenhams’ biggest concession-holders - into administration, lead suitor JD Sports withdrew its bid.In a statement, Debenhams said administrators would “commence a wind-down of Debenhams UK, whilst continuing to seek offers for all or parts of the business”.

It would endeavour to sell all remaining stock and eventually close 124 stores.This latest blow to the British retail sector represents one of the most dramatic implosions in a year not short on economic devastation.

Still, Debenhams entered 2020 in perhaps worse shape than some of its straitened peers. In April, the retailer filed for its second administration in 12 months.

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