The company’s 11 Irish stores are being placed into examinership.
More than 2,200 jobs could be sacrificed throughout Debenham’s 11 shops in Ireland, as the company’s Irish outlets enter examinership.
According to The Irish Times, Debenhams Ireland is now in a period of court protection, potentially lasting 100 days.
An examiner has been appointed by the High Court, with the possibility of eventual liquidation down the line.
Debenhams have been struggling to pay their rent for some time in Irish stores, with the estimated €25 million annual bill seen as excessively high by current market comparisons; a point that the recently appointed examiner will seek to make when negotiating with the retail giant’s landlords.
Debenhams has 11 stores throughout Ireland, including; Blackrock, Blanchardstown, Henry Street, and Tallaght in Dublin, Mahon Point and Patrick Street in Cork and Newbridge in Kildare.
They also have outlets in Limerick, Waterford, Galway and Tralee in Kerry.
Cover image via The Irish Times.
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