Coronavirus: Struggling Debenhams to put administrators on standby

Coronavirus: Struggling Debenhams to put administrators on standby

Shareholders in Debenhams are preparing to place the 242 year-old department store chain which employs ~22,000 people into administration as they seek to protect the business from creditors during the COVID-19 pandemic. KPMG, the accountancy firm, is understood to be among those on standby to handle the process.A firm decision to appoint administrators has, however, not been taken.

Milan
Milan
Top in Business
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