UK Department Store Debenhams to Be Liquidated, Putting 12,000 Jobs at Risk

A Debenhams store is pictured, following the outbreak of the coronavirus disease (COVID-19) in Harrogate, Britain, on Aug. 11, 2020. Lee Smith/Reuters

British department store group Debenhams is to be liquidated with the potential loss of 12,000 jobs, its administrators said on Tuesday.

In a statement emailed to The Epoch Times, FRP Advisory said Debenhams would be wound down after it failed to find a buyer partly due to market uncertainties caused by the CCP virus pandemic.