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Tuesday, December 01, 2020

Debenhams To Close

Debenhams 124 stores are set to close after the failure of last-ditch efforts to rescue the ailing department store chain.

It means the loss of 12,000 jobs.

Debenhams was too reliant on Arcadia (leasing space to Arcadia's brands).

Arcadia and Debenhams are not the only high street brands facing closure, the high street has been under pressure for many years and Covid has brought matters to a head.

 

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