Debenhams is to shut five stores in some of the UK’s most-high profile malls after failing to agree on terms with landlord Hammerson, Retail Week can reveal.
The closures are likely to result in around 1,400 job losses among the department store group’s staff and concessionaires who operate in its stores.
The five branches to be shut are in Birmingham’s Bullring, Croydon’s Centrale, Silverburn in Glasgow, High Cross in Leicester, and Reading’s Oracle.
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