Home Business News Debenhams set to ‘appoint administrators’ affecting 22,000 staff

Debenhams set to ‘appoint administrators’ affecting 22,000 staff

by LLB Reporter
3rd Apr 20 3:29 pm

Debenham’s is the latest casualty of the coronavirus pandemic as they are set to “appoint administrators” as early as next week, according to reports.

The announcement will affect 22,000 people who are employed by the high street department store across the UK.

According to Sky News Debenhams are preparing administrators in an attempt to protect the business from creditors.

The department store has already furloughed their staff as all 140 stores were forced to close after the government’s lockdown announcement last Monday.

It has been reported that KPMG are among those administrators places on standby, but the final decision over the administration is yet to be made.

A Debenhams spokesperson said, “Like all retailers, Debenhams is making contingency plans reflecting the extraordinary current circumstances.

“Our owners and lenders remain highly supportive and whatever actions we may take will be with a view to protecting the business during the current situation.

“While our stores remain closed in line with government guidance, and the majority of our store-facing colleagues have been furloughed, our website continues to trade and we are accepting customer orders, gift cards and returns.”

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