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The video item below is a piece of English language content from BBC News. The British Broadcasting Corporation (BBC) is a British public service broadcaster funded by the UK Government, and British license fee payers. Its headquarters are at Broadcasting House in Westminster, London.
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BBC News published this video item, entitled “Debenhams set to close with 12,000 job losses – BBC News” – below is their description.
Debenhams, one of the biggest names on the high street, is set to close with 12,000 staff expected to lose their jobs.
It’s the second huge blow to the UK retail sector in the space of 24 hours, with Arcadia, the owner of Topshop, going into administration.
Debenhams had already cut 6,500 jobs in recent months after the group went into administration.
For now, Debenham’s 124 stores and its online business will stay open, but liquidators are moving in to start to clear the stock and if no other offer is made the stores will close by the end of March next year.
Huw Edwards presents BBC News at Ten reporting by business correspondent Emma Simpson and business editor Simon Jack.BBC News YouTube Channel
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