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13 Jan, 2021 16:37

Debenhams to close six stores due to pandemic

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Debenhams revealed that six of its stores were set to close on account of the novel coronavirus pandemic.

Employees at stores in Portsmouth, Staines, Harrogate, Weymouth and Worcester, have been told these stores will not reopen after the end of coronavirus restrictions.

The store on Oxford Street will also be closed, as Debenhams is unable to agree a lease extension with the landlord.

Around 320 jobs will be impacted by the closures.

The department store chain said its administrator FRP Advisory is still in talks with "a number of third parties regarding the sale of all or parts of the business".

Geoff Rowley, joint administrator to Debenhams and partner at FRP Advisory, said: "We continue to engage with interested parties over alternative proposals for the future of Debenhams, but inevitably the latest lockdown has had an effect on our plans for the wind-down of the business.

"We regret the impact on those colleagues affected by today's announcement and would like to thank all those who continue to keep the business trading in very difficult circumstances."

The chain is continuing to sell stock online.

The department store is currently carrying out a liquidation process that started last month after failing to clinch a rescue deal.

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Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.