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Debenhams goes into liquidation, to close after Christmas

1 min read | December 02, 2020 09:48 AM GMT | By Team Kalkine Media
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Iconic British department store group Debenhams is to be wound down after Christmas, putting 12,000 jobs at risk.

  • Debenhams administrators FRP Advisory said that the company would be liquidated as it failed to find a buyer.
  • The administrators will continue with the trade at stores and online business beyond Christmas to clear its current and contracted stocks.
  • There is a massive stock clearance sale starting at 7 am on Wednesday (2 December), as non-essential shops will reopen for the first time after the second lockdown.

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