Coronavirus: Debenhams owners draw up plan for department store chain's liquidation The 242-year-old chain has drafted in Hilco Capital to work on contingency plans for its possible liquidation, Sky News learns.

The 242-year-old chain has drafted in Hilco Capital to work on contingency plans for its possible liquidation, Sky News learns.

Debenhams's owners have begun drawing up plans for the liquidation of the 242-year-old department store chain in a move that could trigger the single-biggest jobs cull of the coronavirus pandemic.

Sky News has learnt that Debenhams has appointed Hilco Capital, which specialises in helping to wind down distressed retail businesses, to work with it in the event that a sale process for one of Britain's best-known retailers ends in failure.

Hilco's role was described this weekend as...
source: The Sky News

2020-08-15 14:38
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