Major fashion retailer Debenhams shuts all stores, around 12,000 jobs lost
AFP | London
The Daily Tribune – www.newsofbahrain.com
UK department store chain Debenhams is to shut all its outlets with the loss of around 12,000 jobs, a source told AFP on Monday.
Debenhams, which has long struggled to compete with fierce online competition, will see its brand live on however after British online fashion group Boohoo earlier said it had bought the group’s intellectual property assets.