Debenhams to start winding down, putting 12,000 jobs at risk | ITV News

Debenhams is to start winding down its operations after nearly 250-years of trading - putting 12,000 jobs at risk.

The department store chain said it will continue "to seek offers for all or parts of the business" but the future looks bleak after JD Sports - the only interested party - pulled out of rescue talks.

The bleak news for the high street stalwart follows the collapse of Arcadia Group - which owns the department store chain and a number of other high street names.

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