Search

Debenhams set to call in administrators due to coronavirus

PUBLISHED: 15:55 03 April 2020 | UPDATED: 12:26 06 April 2020

Debenhams is due to call in administrators. Photo credit: Gareth Fuller/PA Wire

Debenhams is due to call in administrators. Photo credit: Gareth Fuller/PA Wire

Debenhams has said it is “making contingency plans” following reports the high street retailer is preparing to call in administrators.

The national department store chain is reportedly due to all in administrators early next week to protect the company against claims from creditors. 
Debenhams has stores in Norwich city centre as well as one in King’s Lynn.

MORE: ‘We’re desperate’: Firm producing masks for key workers begs for support

You may also want to watch:

The company has not yet filed for insolvency but sources told PA that administration is the “most likely” course of action.

The retailer has lined up accountancy firm KPMG to handle the process, according to Sky News.

A Debenhams spokesman said: “Like all retailers, Debenhams is making contingency plans reflecting the extraordinary current circumstances.

“Our owners and lenders remain highly supportive and whatever actions we may take will be with a view to protecting the business during the current situation.

“While our stores remain closed in line with government guidance, and the majority of our store-facing colleagues have been furloughed, our website continues to trade and we are accepting customer orders, gift cards and returns.”


If you value what this story gives you, please consider supporting the Norwich Evening News. Click the link in the yellow box below for details.

Become a supporter

This newspaper has been a central part of community life for many years, through good times and bad, serving as your advocate and trusted source of local information. Our industry is facing testing times, which is why I’m asking for your support. Every single contribution will help us continue to produce award-winning local journalism that makes a measurable difference to our community.

Thank you.

Most Read

Digital Edition

cover

Enjoy the Evening News
digital edition

Subscribe

Most Read

Latest from the Norwich Evening News