No more shopping from Debenhams retail outlets UK! On Tuesday, the Debenhams store chain collapsed, possibly striking the end of a business that was running for nearly two and a half centuries. The implosion was the collateral result of the collapse, one day previously, of Topshop owner Arcadia Group.
“The economic landscape is extremely challenging and, coupled with the uncertainty facing the UK retail industry, a viable deal could not be reached,” joint administrator at FRP Advisory, Geoff Rowley said in the statement.
In total, around 25,000 people are now at risk of losing their jobs in the middle of the pandemic of COVID-19.
However, Debenhams announced on their Instagram that their website will trade as usual and stores will be open in line with local Government guidance, and they are accepting orders and operating online.