Steven Cook Chef

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Debenhams is to open its first stores in Northern Ireland on Monday, followed by the 50 shops in England that week.

It is said that three shops, with access road in Belfast, Newry and Rushmere in the following updated guidelines from the NI Executive.

Debenhams slumped and administration for The Second Time In a year, in April, after the coronavirus ramped up the pressure on the company.

It has taken, deals with the landlord to hold open 120 shops.

But, 17 stores will remain closed for good, when the coronavirus-lockdown restrictions are lifted. It is still in discussions about a "handful" of others.

The Future of your five most important stores in Wales has been saved after an agreement over business rates. if it does not enjoy the same support, his business in England.

Steven Cook , Managing Director of Debenhams, said: "We Are pleased to welcome the customers Back To our stores in The Coming weeks.

"From the installation of Perspex screens up points, the roll-out of social distancing procedures and PPE, we have worked hard to ensure that our colleagues and customers can work and shop With Confidence .

"Our re-opening plans follow the successful completion of lease negotiations over 120 stores, which means that the vast majority of our stores are re-opening. "

meanwhile, the administrators have written to the creditors with an update.

In Debenhams broke into the administration, The Business owed £155m to the creditors, including many suppliers.

It is still unclear how much will be paid and to whom.

Debenhams is also cutting jobs and closing the majority of the store cafes in an attempt to reduce costs and a leaner organization.

a total of 4,000 jobs will be lost as a result of these changes, as well as the 17 store closures.

The Key question now is whether The Chain can be rescued by the administration as a going concern.

It is in what is touch "-management is described as a" light - where the current management remained in place.

Its lenders, said to remain supportive. They took control of The Chain after it broke in and to keep the administration in the Last Year , after fighting for years with The Competition .

The Business may not manage the exit, until the New Year .

administrators and lenders will want to without a doubt, to see how The Business performs post-lockdown, as well as the crucial Christmas sales period, to be sure, it has a viable future in its current form.

The Future store closures are still possible.

Debenhams back in business on The High Street, together with their rivals this month, but it still has a long and difficult journey.

debenhams, retailing, uk high streets, coronavirus pandemic, companies

Source of news: bbc.com