The start of the liquidation of the British “Debenhams” chain of stores

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Today, Tuesday, the popular British department store chain Debenhams began liquidating clothes and household items, putting about 12,000 jobs at risk.
Debenhams, which was founded in 1813 and also owns the Danish company, Magazine du Nord, began to be placed under the authority of creditors in April after incurring losses due to closure in Britain due to the Corona pandemic.
Debenhams said it was facing liquidation after British sportswear firm JD Sports said it had “halted” its purchase talks.
Debenhams said 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 told Deutsche Presse-Agentur (dpa) that no layoffs have been carried out yet.
Debenhams added that offers for all or some businesses are still being accepted.

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