Debenhams shutting six stores including flagship Oxford Street branch
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Retail giant Debenhams has confirmed hermes cigarette tray replica
plans to permanently close six stores including its flagship Oxford Street branch, a month after the company filed for liquidation.
Administrators said that at least 320 workers will be affected under plans to wind down the business.
The closures take place amid England third national lockdown which means branches won reopen once non essential stores are given the go ahead to trade again.
“While it remains our intention to reopen as many stores as possible to complete the stock liquidation, which continues online, the announcement of a renewed national lockdown last week means that a number of stores where we have been unable to agree lease extensions will be permanently closed,” Geoff Rowley, joint administrator to Debenhams and partner at FRP, told The Mirror.
City centre stores in Portsmouth, Staines, Harrogate, Weymouth and Worcester will not reopen after lockdown measures are eased.
The chain iconic flagship store in Oxford Street, London, has also shut its doors for good.
“In addition, with the likelihood that restrictions on non essential retail are unlikely be eased until March, we have been unable to agree a lease extension with the landlord of our Oxford Street store beyond this period. As a result this store will also be unable to reopen.”
The company said it remains in discussions with landlords over the future of its remaining 100 plus outlets, however without a buyer, the business is preparing to close completely.
“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.”
Debenhams filed for administration for the fourth time in a year last December, launching a 70% off “closing down sale” as it prepared to exit the high street.
Debenhams shuts down website in Ireland due to confusion over Brexit trade rules
JD Sports was previously tipped to save the 242 year old retailer, however, it pulled out of rescue talks after news of Arcadia collapse broke.
The retail empire, which is owned by Sir Philip Green, is worth 75million a year to Debenhams through thousands of concession outlets.
Sports Direct owner Mike Ashley is now the only interested party, although an offer is yet to be made.
Hilco, which is managing the liquidation, told Mirror Money that “UK operations will close” if no new offers come forward.
Gift cards are no longer being accepted.
It comes just a week after the owner of Topshop, Arcadia, put its flagship Oxford Street store on the market.
Meanwhile, card chain Paperchase has filed a notice to intent administrators with 173 stores and 1,500 jobs at risk.