2,200 jobs at risk for Debenham’s employees
May 13
11:20
2016
Debenhams has placed its 11 Irish stores into examinership.In doing so the retail chain has put 2,265 jobs at risk, following the failure of rent negotiations with its landlords, including previous owners the Roche family.
The business is now under the protection of the court, and has appointed Kieran Wallace of KPMG as interim examiner to oversee the process.
The next court hearing in relation to the matter will be on 25 May
Debenhams reassured its customers and staff that it was “business as usual” during the period of court protection, which can last up to 100 days. It told the court, however, that the alternative to examinership is liquidation with a deficit of €264 million.
The retail company has 11 stores around Ireland located in Mahon Point and Patrick Street in Cork, Newbridge in Co Kildare, Henry Street, Blackrock, Tallaght and Blanchardstown in Dublin as well as stores in Limerick, Waterford, Galway and Tralee.
