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DPA
London
A British department store chain selling clothes and homeware went into liquidation on Tuesday, putting around 12,000 jobs at risk.
Debenhams, which was founded in 1813 and also owns Danish company Magasin Du Nord, went into administration in April after suffering losses due to Britain’s lockdown during the Covid-19 pandemic.
Debenhams announced it had gone into liquidation after British sportswear company JD Sports said it had “terminated” talks to buy it.
In a statement, Debenhams said its 124 stores in Britain will continue to trade to clear stock. Some are due to reopen later in England later this week when the nation comes out of lockdown.
It added that Magasin Du Nord, which was put up for sale in September, will continue to operate as it is run independently.
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02/12/2020
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