UK retailer Debenhams to be liquidated

A Debenhams store is pictured, following the outbreak of the coronavirus disease (COVID-19) in Harrogate, Britain

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.

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