Debenhams shuts all stores, around 12,000 jobs lost, Retail News, ET Retail

Davida Erdahl

United kingdom office retail outlet chain Debenhams is to shut all its shops, directors for the collapsed team said Monday, with the reduction of all around twelve,000 work opportunities.

Debenhams, which has prolonged struggled with fierce on-line levels of competition, will see its brand name are living on however just after British on-line fashion team Boohoo acquired the group’s intellectual property assets.

Debenhams collapsed final month, possessing struggled to adapt from a bricks-and-mortar business prolonged ahead of the coronavirus pandemic forced customers on-line.

Its shops will reopen subsequent the lifting of the United kingdom lockdown to liquidate inventory, directors FRP Advisory, brought in to salvage components of the business, said in a assertion Monday.

“The moment Debenhams shops are able to reopen and the inventory liquidation can proceed in shops, the site will be operated by Boohoo.

“The closing down sale will proceed in shops for quite a few weeks

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