Now’s the time.
Eariler this week, Sky News reported that Debenhams has officially been put into administration, with its lenders taking control of the company.
According to RTÉ, it was announced that an overnight rescue plan was rejected. The rescue plan was worth £150 million.
And although Debenhams in Ireland has apparently reassured staff that ongoings in the UK won’t affect operations here, the Consumers’ Association of Ireland is advising people to use any store credit they might have now as a precaution.
Speaking to the Irish Daily Mail, they said:
“We advise consumers to use all credit vouchers/tokens and gift cards issued by the store without delay.”
Only two months ago, it was announced that the chain was set to close 90 stores.
In October we reported that Debenhams would be closing up to 50 UK stores with 4,000 jobs at risk after the company made a loss of over £500 million, but then the closure looked even bigger as The Telegraph reported that another 40 stores would close.
There is no confirmation on what they next steps are for the company.