In another dark day for UK retailing, Debenhams set to close ...Middle East

In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business - which counts around 12,000 workers - after a potential buyer of the company pulled out. The 242-year-old department store chain said administrators had decided to start winding down operations while continuing to seek offers “for all or parts of the business.” JD Sports had been mulling an offer for Debenhams, which like others in the U.K. retailing sector has seen business collapse this year during the coronavirus pandemic.

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