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Scarborough Retailer 'On Brink Of Going Into Administration'

Scarborough Retailer 'On Brink Of Going Into Administration'

Published by Karen Liu at 11:15am 6th April 2020.

The bosses of Debenhams, which has a store in Scarborough, have filed a notice that the chain's on the brink of going into adminstration.

Debenhams currently has a store at The Brunswick Centre in Scarborough.

The retailer said:

"This move will protect Debenhams from the threat of legal action that could have the effect of pushing the business into liquidation while its 142 UK stores remain closed in line with the government's current advice regarding the COVID-19 pandemic.

The group is making preparations to resume trading its stores once government restrictions are lifted."

The vast majority of its 22,000 staff were already furloughed, with 80% of employees' wages covered for three months by the government's Coronavirus Job Retention Scheme.

Any so-called pre-pack sale could potentially include plans to shed further stores beyond the 28 that had been previously earmarked for closure following the post-Brexit slowdown.

Debenhams confirmed it continued to trade online across the UK, Ireland and Denmark.

It said customer orders, gift cards and returns were also being accepted and processed normally.

 

 

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