U.K. Department Store Debenhams Enters Administration
Debenhams has confirmed it has appointed administrators, making this the second time it has begun such legal proceedings in the last year. The retailer has also said it will liquidate its Irish business, permanently closing its 11 stores in the Republic of Ireland. All Debenhams stores across the UK are currently closed as per government guidelines to prevent the further spread of coronavirus. The retailer continues to trade online while lockdown continues. Earlier this week, Debenhams said it had filed notice of intent to appoint an administrator in the UK, as it assesses the impact of the Covid-19 coronavirus on its business. The group appointed Geoff Rowley and Alastair Massey of FRP Advisory to see it through the process. Read more at Essential Retail.
