With 142 stores closed due to government advice to prevent the spread of the outbreak in the U.K., Debenhams is now suspending trading in its 11 Irish stores and continues to trade online across both regions as the Administrators work on the brand.
“In these unprecedented circumstances the appointment of the administrators will protect our business, our employees, and other important stakeholders, so that we are in a position to resume trading from our stores when Government restrictions are lifted," ays Stefaan Vansteenkiste, chief executive officer, Debenhams in an
. "We anticipate that our highly supportive owners and lenders will make additional funding available to fund the administration period. We are desperately sorry
This news proceeds a slew of announcements across the U.K. press that surround an increasingly difficult time for national retailers, as brands such as Oasis and Warehouse are already forecast to enter administration according to
*Image courtesy of Debenhams.
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