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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Three free articles a month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.