British retailer Debenhams is seeking bankruptcy protection. 🔐
LONDON — British retailer Debenhams, caught in a perfect storm of weak footfall and trading, debt restructuring and the crippling impact of the coronavirus, is seeking bankruptcy protection. The company had taken the first steps toward filing for administration in the U.K. earlier this week.
While it may be trying to save its stores in the U.K., Debenhams plans put its Irish business into liquidation. The company said that due to the challenges facing Debenhams Retail Ltd., the U.K. administrators will appoint a liquidator to the Irish operations. The chain’s 142 U.K. stores remain closed in line with the British government’s current advice regarding the COVID-19 pandemic.According to Debenhams, the administrators will adopt a “light touch” while the stores remain closed, working with the existing management team to get the business into a position to reopen and trade through as many stores as possible again when restrictions are lifted.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Sen. Kelly Loeffler will liquidate individual stock shares after coronavirus trade furorSen. Kelly Loeffler and her husband Jeff Sprecher, CEO of the owner of the New York Stock Exchange, were criticized for selling millions of dollars in stock amid the coronavirus pandemic.
Lire la suite »
Georgia Senator Kelly Loeffler Will Liquidate Her Individual Stocks After Coronavirus Trading ControversyGeorgia Senator Kelly Loeffler will liquidate her individual stocks in favor of mutual funds and exchange-traded funds after being accused of insider trading amid the COVID-19 coronavirus pandemic by MattRyanPerez
Lire la suite »
Georgia Senator Kelly Loeffler Will Liquidate Her Individual Stocks After Coronavirus Trading ControversyThe Senator and her husband will shift to mutual funds and ETFs after selling off stock before the market crash.
Lire la suite »
Democrats want $500B more in crisis relief, setting up Senate showdownHouse Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer are calling for half a trillion dollars in additional aid to deal with the COVID-19 crisis.
Lire la suite »
Another 6.6M Americans file for unemployment benefits as layoffs show no letupMore than 6.6 million Americans filed for unemployment benefits last week as the coronavirus pandemic's toll on the economy mounts
Lire la suite »
Stocks Jump, Brushing Off Unemployment Numbers, After Fed Pumps Another $2.3 Trillion Into The EconomyDespite more than 6 million new job losses, the stock market opened higher today, after the fed pumped another $2.3 trillion into the economy by skleb1234
Lire la suite »