Debenhams falls hours after Arcadia collapse in latest retail carnage
Автор: The London Standard
Загружено: 2020-12-01
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The Christmas crisis on the high street deepened dramatically today as Debenhams warned that all of its 124 department stores are set to shut.
The 242-year-old retailer effectively threw in the towel on its long battle for survival, a day after Sir Philip Green’s Arcadia group slumped into administration.
The almost certain demise of one of Britain’s oldest high street names puts a further 12,000 jobs at risk, bringing the total number of roles on the line across the two businesses at 25,000.
The latest meltdown comes as stores across the West End scrambled to reopen to make the most of the last three weeks of Christmas trading at the end of disastrous year when most stores were forced shut for 17 weeks over two lockdowns to stop the spread of coronavirus.
Read more: https://www.standard.co.uk/news/uk/de...
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