LONDON (Reuters) – British department store retailer Debenhams is to be liquidated after failing to find a buyer, administrators FRP Advisory said on Tuesday.
It said it would start a wind-down of Debenhams, whilst continuing to seek offers for all or parts of the business.
The collapse of Debenhams, which trades from 124 UK stores and employs 12,000, came a day after Philip Green’s Arcadia fashion group entered administration, threatening about 13,000 jobs.
(Reporting by James Davey; editing by Guy Faulconbridge)
