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
2 December 2020
The last remaining bidder for the company has withdrawn its offer.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.
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