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Saturday, December 5, 2020

Department store ‘Debenhams’ to put Irish operations into liquidation

Department store ‘Debenhams’ has stated that the majority of its Irish stores are not expected to reopen after the Covid-19 crisis.

The company stated that it will make an application for liquidation under the Companies Act 2014.

Online shopping will still be available.

They stated that the Republic of Ireland had trading challenges in terms of its retail operations which were escalated during the Covid-19 crisis.

There is uncertainty to how many outlets will be saved from liquidation.

The company stated “Unfortunately, our Irish business has had trading challenges which were exacerbated by the impact of Covid-19”.

A provisional liquidator will be appointed next week.

-Sam Fitzsimons

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