1,200 jobs at risk as retailer unveils store closure plans

Debenhams
Debenhams plans to shut 22 stores next year as part of a restructuring of the department store chain. Around 1,200 staff work at the affected stores and they were told the news this morning. The closures will be part of two CVAs and are expected to be the first wave that will eventually see around 50 of Debenhams' 166 stores shut. Last week its chief executive Sergio Bucher departed after a pre-pack administration resulted in the company's lenders taking control. The stores expected to close in 2020 are Altrincham, Ashford... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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