Retail

Debenhams hires restructuring firm for potential liquidation

1 month ago   |   By The Guardian

Thousands of jobs under threat if attempts to sell historic department store fail Debenhams' owners have appointed restructuring experts to draw up plans for its potential liquidation in a move that could threaten thousands of jobs. Company bosses appointed Hilco Capital, a firm that specialises in helping to wind down distressed retail businesses, to work with them should attempts to sell the historic department store end in failure.
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Liquidation ‘contingency plans' being considered for Debenhams

1 month ago   |   By Belfast telegraph

Liquidation plans are being drawn up for Debenhams in case other options for saving the department store chain fail, potentially threatening thousands of jobs.
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Debenhams liquidation fears as struggling chain draws up 'contingency plans'

Debenhams liquidation fears as struggling chain draws up 'contingency plans'

1 month ago   |   By The Mirror

It comes after the department store business announced plans to cut a further 2,500 jobs as high streets firms face uncertain futures during the pandemic
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Debenhams' bosses ‘draw up plans for liquidation' and could trigger biggest jobs cull of coronavirus pandemic

Debenhams' bosses ‘draw up plans for liquidation' and could trigger biggest jobs cull of coronavirus pandemic

1 month ago   |   By The Sun


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Debenhams ‘draws up liquidation plan' with 14,000 jobs under threat

Debenhams ‘draws up liquidation plan' with 14,000 jobs under threat

1 month ago   |   By Metro

Debenhams bosses have reportedly started drawing up plans for liquidation in a move that could threaten 14,000 jobs.
Owners have appointed Hilco Capital to work with in case the company is forced to go into liquidation, Sky News reports.
Sources close to the company have described the decision as ‘contingency planning', as the coronavirus crisis leaves a trail of devastation on the high street.
A Debenhams spokesperson has refused to comment on the involvement of Hilco.
A statement from the company read: ‘Debenhams is trading strongly, with 124 stores reopened and a healthy cash...
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Coronavirus: Debenhams owners draw up plan for department store chain's liquidation

Coronavirus: Debenhams owners draw up plan for department store chain's liquidation

1 month ago   |   By Wessexfm

Debenhams' owners have begun drawing up plans for the liquidation of the 242 year-old department store chain in a move that could trigger the single-biggest jobs cull of the coronavirus pandemic.
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