The announcement came less than 24 hours after Topshop owner Arcadia filed for bankruptcy protection. Together, the business failures put 25, UK jobs at risk. Debenhams, which collapsed into administration in April for the second time in 12 months, said in a statement on Tuesday that it has been unable to find a buyer and will begin to wind down operations. Its UK outlets and online store — employing 12, people — will trade to clear stock, after which they will close if no other offers for the business have been received.
The future of its 45 franchised stores, which are primarily in the Middle East, south east Asia and eastern Europe, also depends on whether a buyer can be found for the UK business. Read More. Debenhams said the closure does not impact Magasin du Nord, its department store chain with seven outlets in Denmark, which continues to operate independently.
The decision by Debenhams to close in the UK delivered a fresh blow to Britain's retail industry, which was already reeling from news of Arcadia's collapse into administration hours earlier. Arcadia, which employs 13, people, continues to trade and is seeking buyers for its businesses — eight fashion brands including Miss Selfridge and Dorothy Perkins.
Show detailed source information? Register for free Already a member? More information. Supplementary notes. Other statistics on the topic. General Merchandise Leading department store retailers in the UK , by market share.
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Further Content: You might find this interesting as well. Learn more about how Statista can support your business. Some 12, workers will lose their jobs. In Debenhams had the distinction of being the biggest department store in the UK with stores.
Over the years, Debenhams expanded at a rapid rate. In it announced plans to double its number of stores to and was opening new shops as recently as However, the chain had struggled for years with falling profits and rising debts, as more shopping moved online.
It called in administrators twice in two years, most recently in April But the coronavirus pandemic - which saw the enforced closure of non-essential retail outlets - proved to be the final blow for Debenhams and other rival retailers including Top Shop-owner Arcadia.
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