Debenhams stores set to close with loss of 12,000 jobs

The remaining 124 Debenhams stores are set to close after the chain , which has been in administration since April, failed in its last-ditch efforts to secure a rescue deal.

This news, confirmed to employees yesterday morning, means all 12,000 staff are to lose their jobs.

The 242-year-old retailer had already trimmed its store portfolio, including the Swindon store, cutting about 6,500 as it struggled to stay afloat.

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Restructuring firm Hilco will start going into stores on Wednesday to begin clearing stock.

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