Struggling UK retailer Debenhams appoints Hilco Capital to draw up contingency plans for possible liquidation
A Debenhams store is pictured, following the outbreak of COVID-19 in Harrogate, Britain ON August 11, 2020.
Debenhams on Tuesday said it would cut a further 2,500 jobs, while taking "all necessary steps" to give the chain every chance of a viable future. "Debenhams is trading strongly, with 124 stores reopened and a healthy cash position," Debenhams said in a statement.
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