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Re: Changes on the High Street
Quote:
Quote from Sky News: Debenhams's owners have begun drawing up plans for the liquidation of the 242-year-old department store chain in a move that could trigger the single-biggest jobs cull of the coronavirus pandemic.
Sky News has learnt that Debenhams has appointed Hilco Capital, which specialises in helping to wind down distressed retail businesses, to work with it in the event that a sale process for one of Britain's best-known retailers ends in failure.
Hilco's role was described this weekend as "contingency planning" by people close to the company as it seeks to secure its future ahead of the crucial pre-Christmas trading period.
Debenhams employs roughly 14,000 people, having announced this week that it was shedding a further 2500 members of its workforce.
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Pretty inevitable.
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History is much like an endless waltz: The three beats of war, peace and revolution continue on forever.
However history will change with my coronation - Mariemaia Khushrenada
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