Debenhams strikes deal with landlords to keep most stores open

Debenhams has agreed terms with landlords on most of its stores

Debenhams has agreed on terms with landlords that will enable most of its stores to carry on trading following the department store group’s administration last week.

Debenhams has struck terms on around 120 of its 142 branches. Seven stores will shut, however, affecting 422 staff.

The retailer said talks are advanced on the remainder of the estate and it was confident deals can be arranged “in the coming days” but a “handful” more shops could be at risk.

All Debenhams’ shops are currently closed following the lockdown imposed by the government to combat the coronavirus pandemic, but the agreements with landlords are a crucial component of securing the future of the business and ensuring as many stores as possible reopen.

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