On Thursday, FRP advisory administrators confirmed that British department store retailer Debenhams is to be liquidated after failing to find a buyer.
It said it would begin a wind-down of Debenhams, whilst continuing to appreciate offers for all or parts of the business.
The fall of Debenhams, which trades from 124 UK stores and employs 12,000, came a day after Philip Green’s Arcadia fashion group entered administration, threatening about 13,000 jobs.
