A list of the 45 branches of Debenhams stores most at risk of closure has been published after the chain went into administration – and the list includes the Swindon branch.
Administrators FTI Consulting have sold the group to a newly-incorporated company controlled by Debenhams’ lenders, including hedge funds thought to include Alcentra, Angelo Gordon and Silver Point Capital.
The move is expected to trigger store closures and job losses as part of a wider restructuring that will see around 50 outlets shut via a Company Voluntary Arrangement.
Colliers International’s, a top tier global real estate services and investment management company, research predicts the following 45 Debenhams stores are most at risk of closure:
Barrow In Furness
The Fort Birmingham
Bury St Edmunds