Debenhams appoints administrators and liquidates Irish chain
(The Guardian Business News)

Department store´s move axes 1,200 jobs in Ireland but buys time to save UK businessDebenhams has fallen into administration, casting fresh doubt over the future of the struggling chain, which employs more than 20,000 people.Like other fashion retailers, Debenhams is facing financial turmoil as the coronavirus lockdown prevents Britons from shopping. However the indebted retailer had problems prior to the health crisis and on Thursday confirmed the appointment of restructuring firm FRP Advisory to handle a `light touch` administration of the 142-store chain. Continue reading...