After 207 years of work .. the liquidation of “Debenhams”, the most famous fashion store in Britain

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Today, Tuesday, the liquidation of the famous British supermarket chain Debenhams for clothes and household appliances began, putting about 12,000 jobs at risk.

Debenhams, which was founded in 1813 and also owns the Danish company, Magazine du Nord, was placed under the authority of creditors in April after incurring losses due to closure in Britain due to the Corona pandemic.

Debenhams, one of Britain’s most famous and oldest fashion companies, is facing liquidation after British sportswear firm JD Sports said it had “halted” its purchase talks.

Debenhams confirmed in a statement that its 124 stores in Britain would continue to work to clear inventory.

Some of these stores in England are set to reopen later this week after the lockdown ends.

She added that Magazine du Nord, which went on sale in September, will continue operating as it is independently operated.

A spokesman for Debenhams directors said there had been no layoffs yet.

Debenhams added that offers for all or some businesses are still being accepted.

The repercussions of the virus on the British economy

Britain’s National Bureau of Statistics said the August budget deficit was 35.9 billion pounds, bringing the total deficit to $ 222 billion.

The Office for National Statistics said that the unemployment rate increased to 4.1% in the three months ending in July from 3.9% in the period between April and June of this year.

The number of applications for unemployment benefits reached 2.8 million last August, an increase of 121% since last March, when Britain imposed lockdown measures to limit the spread of the virus, according to the statistics office.

The statement added that 695,000 workers have been removed from the wage lists since last March.

In previous statements, British Finance Minister Rishi Sunak announced new measures to revive the economy worth 30 billion pounds (33 billion euros), including a reduction in value-added tax for some sectors, subsidies for building renovation and aid for youth employment.

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