Debenhams have this afternoon confirmed they have entered administration after rejecting final rescue offer from Mike Ashley.

Administrators FTI Consulting have already sold the group to a newly-formed company controlled by Debenhams’ existing lenders.

Stores will continue to trade as normal although the move is expected to trigger store closures and job losses sooner than previously thought with around 50 stores closing via a Company Voluntary Arrangement.

it is not yet known how these moves will affect the Swindon store.


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