Business
Debenhams hires liquidator in contingency plan – BBC News
The department store chain appoints specialist firm Hilco Capital but says it is “trading strongly”.
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Debenhams has appointed a firm to draw up contingency plans for a possible liquidation of the department store.
The company, which is in administration, has hired Hilco Capital, a firm that specialises in winding up struggling retailers.
Debenhams said it was “trading strongly” and Hilco’s appointment did not mean a liquidation was likely.
Last week Debenhams said it would axe 2,500 more jobs, on top of 4,000 cuts it announced in May.
Debenhams filed for administ…
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