Debenhams Closes Flagship Oxford Street Store

DEBENHAMS closes its flagship Oxford Street store along with five others

Retail giant Debenhams has announced that it is closing the doors of six stores in the UK, including its flagship premises in Oxford Street. The other locations shutting up shop are Portsmouth, Staines, Harrogate, Weymouth and Worcester, sparking potential loss of 320 jobs.

Geoff Rowley, joint administrator to Debenhams and Partner at FRP Advisory, told The Sun on Wednesday, January 13: “We continue to engage with interested parties over alternative proposals for the future of Debenhams.

“Inevitably the latest lockdown has had an effect on our plans for the wind-down of the business.

“We regret the impact on those colleagues affected by today’s announcement and would like to thank all those who continue to keep the business trading in very difficult circumstances.”

In December last year, British billionaire retail entrepreneur Mike Ashley was said to be in rescue talks with Debenhams, as was Frasers Group, which owns Sports Direct, Jack Wills, Evans Cycles and rival department store chain House of Fraser.

 

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Written by

Sarah Keane

Former teacher and health services manager with a Degree in English, Sarah moved to Spain from Southern Ireland with her husband, who runs his own car rental business, in 2019. She is now enjoying a completely different pace and quality of life on the Costa Blanca South, with wonderful Spanish and expat friends in Cabo Roig. Sarah began working with Euro Weekly News in 2020 and loves nothing more than bringing all the latest national and international news to her local community.

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