Manchester news Debenhams is reopening stores with a huge 70 per cent off clearance sale Manchester united news

PremierLeague-News.Com - After announcing it would be closing for good, high street retailer Debenhams has confirmed that stores will be reopening on Monday.

Manchester news Debenhams is reopening stores with a huge 70 per cent off clearance sale Manchester united news

PremierLeague-News.Com - After announcing it would be closing for good, high street retailer Debenhams has confirmed that stores will be reopening on Monday.

Manchester news  Debenhams is reopening stores with a huge 70 per cent off clearance sale Manchester united news
08 April 2021 - 12:30

PremierLeague-News.Com - Breaking Sport Transfer News ! After announcing it would be closing for good, high street retailer Debenhams has confirmed that stores will be reopening on Monday. The retailer has said it will reopen stores from April 12 for a massive closing down sale - where there will be up to 70 per cent off fashion and home and up to 50 per cent off beauty items. According to the Mirror, Stores will be open for between three and five weeks, depending on the stock clearance before they close for good, Debenhams confirmed. Read More Related Articles M&S shoppers alerted of six major changes coming to every store in April Read More Related Articles Tesco shoppers hit out at 'crazy' ban coming to supermarkets in April Further details on the final closing down sale will be announced on Thursday, the company told The Mirror. Debenhams announced in in December that its administrators had begun its liquidation process. Last year, Geoff Rowley of FRP Advisory, joint administrator to Debenhams and Partner at FRP, said: "All reasonable steps were taken to complete a transaction that would secure the future of Debenhams. "However, the economic landscape is extremely challenging and, coupled with the uncertainty facing the UK retail industry, a viable deal could not be reached. "The decision to move forward with a closure programme has been carefully assessed and, while we remain hopeful that alternative proposals for the business may yet be received, we deeply regret that circumstances force us to commence this course of action. "We are very grateful for the efforts of the management team and staff who have worked so hard throughout the most difficult of circumstances to keep the business trading. "We would also like to thank the landlords, suppliers and partners who have continued to work with Debenhams through this turbulent period and can reassure them that all contractual obligations entered into in the administration period will be met in full." A massive sale was launched online, with discounts up to 70 per cent off, following the announcement.

News source = PremierLeague-News.Com

. Debenhams first began as a draper business at 44 Wigmore Street in London in 1778. In 1905, it was rebranded to Debenhams Limited and the company started buying existing department stores across the country, including Harvey Nichols in Knightsbridge in 1920. In 1928, it was listed on the London stock exchange for the first time and by 1950, Debenhams became the largest department store group in the UK. At the time it owned 84 companies and 110 stores. However, in recent years, the chain has taken a hammering in the face of online shopping. Debenhams announced its largest ever pre-tax loss of £491million in 2018 and the closure of up to 50 stores putting 4,000 jobs at risk. The company fell into the hands of its lenders, a group of banks and hedge funds led by US firm Silver Point Capital earlier this year, and in April 2020 it went on the market. The deal with JD Sports collapsed on December 1. To find the closest store, you can visit the  Store Finder. Read More Related Articles M&S sparks new food craze with £4 item that could be more popular than Little Moons Read More Related Articles Government issues update on needing a vaccine passport to shop in Primark, Home Bargains, Aldi and Tesco

Source = PremierLeague-News.Com

This news 10 hits received.

COMMENTS

  • 0 Comment
Last News
MAY INTEREST YOU x
UK news  MI5 on Instagram to expand reach and ‘keep country safe’, director general says last news
UK news MI5 on Instagram to expand reach and ‘keep country...
Daily uk news  Living on the EDGE! Families living near crumbling cliffs are urged to abandon homes before ANOTHER landslide crashes hundreds more tons of mud and rocks into the sea PremierLeague-News.Com
Daily uk news Living on the EDGE! Families living near crumbling...