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7 Nov 2025 1:28
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      Home > News > Business

    British department store chain Debenhams is set to close -- more than two centuries after it started

    British department store chain Debenhams is set to close -- more than two centuries after it started


    The last remaining bidder for the company has withdrawn its offer.

    Debenhams' 124 UK stores are set to cease operating -- with all 12-thousand employees likely to lose their jobs.

    A further 13-thousand retail jobs are also at risk, after Arcadia -- which operates Topshop, Burton and Dorothy Perkin -- was put into administration.

    Debenhams opened its first store in London in 1778.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     06 Nov: Assurance power is coming back on in the Far North, following an equipment failure's knocked out power for thousands of homes
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     06 Nov: New Zealand has outpaced Australia - in securing its own Michelin Guide
     05 Nov: The long awaited economic recovery could be beginning - with expectation unemployment's hit its peak
     05 Nov: The Reserve Bank says the country certainly isn't out of the woods, but our banks remain well placed to weather what comes next
     05 Nov: Rising unemployment is still being felt more in certain regions, sectors, and age groups
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