Debenhams shuts all stores, around 12,000 jobs lost

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UK department store chain Debenhams is to shut all its outlets, administrators for the collapsed group said Monday, with the loss of around 12,000 jobs. Debenhams, which has long struggled with fierce online competition, will see its brand live on however after British online fashion group Boohoo bought the group’s intellectual property assets. Debenhams collapsed … Read more