Dec 1, 2020

Debenhams faces uncertain future as JD Sports quits rescue talks

JD Sports is expected to pull out of talks over a rescue deal for department store chain Debenhams on Tuesday. Retail giant Arcadia is the biggest concession in Debenhams and its collapse is understood to have been a factor in JD Sports' decision. If a buyer is not found for Debenhams, the firm could go into liquidation, or face being "Wound down". Hilco Capital, a firm that specialises in winding up struggling retailers, was appointed by Debenhams in August to draw up contingency plans. Arcadia's brands, such as Miss Selfridge and Dorothy Perkins, are sold across the Debenhams department store chain.

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