Debenhams, a leader in the British retail industry will be closing its doors due to the business collapse that happened during the coronavirus pandemic. It is set to liquidate its business which accounts for about 12,000 employees.
The company has been around for 242 years, and was attempting to sell all of the company or even parts of it.
JD Sports was an interested buyer but they are thought to have stopped showing interest and pulled out of deal conversations.
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