#AceFinanceDesk – Struggling British department store chain ‘ Debenhams ‘ has appointed Hilc o Capital to draw up contingency plans for a possible liquidation of the chain in the unlikely event that an attempt to sell the business ends in failure and said on Tuesday it would cut a further 2,500-jobs

“The company said that the move to appoint Hilco Capital, first reported by Sky News on Saturday, was part of that process but not an indication that liquidation was a likely outcome.” Debenhams on Tuesday said it would cut a further 2,500 jobs, while taking “all necessary steps” to give the chain every chance of a viable future:
Published: Aug.15: 2020: https://t.co/yhqUHJMSKA

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