Debenhams has named 22 of the 50 shops it plans to shut as a part of a plan by new house owners to revive the division retailer chain.
The retailer says the shop closures will begin subsequent yr and 1,200 workers can be affected by the primary part.
Shops in Canterbury, Guildford, Wolverhampton and Kirkcaldy are amongst these earmarked for closure.
Earlier this month lenders to Debenhams took management in a deal which worn out the investments of shareholders.
The brand new house owners embrace Barclays and Financial institution of Eire, in addition to US funding corporations.
“Debenhams has a transparent technique and a vibrant future, however to ensure that the enterprise to prosper, we have to restructure the group’s retailer portfolio and its stability sheet, which aren’t applicable for at this time’s a lot modified retail setting,” mentioned Terry Duddy, Debenhams govt chairman.
“Our precedence is to avoid wasting as many shops and as many roles as we will, whereas making the enterprise match for the long run.”
- Birmingham Fort
- Nice Yarmouth
- Welwyn Backyard Metropolis
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