Debenhams fails

The COVID Diaries – 226 1st December

Following yesterday’s news that the owners of Top Shop, Burtons and other High Street chains was going into liquidation, the 242-year old department store chain Debenhams followed suit today putting 12,000 staff at risk.  Talks trying to secure a rescue bid failed.

The chain said it will continue to trade through its 124 UK stores and online to clear current and contracted stocks but once the liquidation process is concluded “UK operations will close”.

Thousands of shops have already closed down due to the impact of Covid-19, leaving many High Streets in a desperate state.