Skip navigation

Gloucestershire Business News

Debenhams starts closing down sale

In a sad day for Gloucester, Debenhams has launched its closing down sale online and in stores.

Late Christmas shoppers could snap up a bargain at the chain, which is offering up to half price on many items both in store and online, as reported by Retail Gazette.

After a long rocky period, the retailer went into liquidation on 1st December, putting 12,000 jobs at risk, when JD Sports pulled out of a deal. There have been no confirmed buyers since then.

Mike Ashley's Frasers Group has expressed an interest in Debenhams' online business, due to its strength in the beauty sector and could also take on a number of stores.

JD Sports withdrew their offer partly due to Arcadia going into administration, as Arcadia is the biggest concession operator in Debenhams stores.

Debenhams had already launched a sale earlier this month, but it has now been branded as a closing down sale.

In the meantime, all 124 UK stores and the website are continuing to trade, but liquidation should be completed by the end of the year.

If a buyer doesn't come forward before then, Debenhams will close down for good, leaving Gloucester without the department store which has been its anchor since the early 1970s.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, January 22 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, January 22

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Long arm of the law should receive spare vaccines says PCC Image

Long arm of the law should receive spare vaccines says PCC

Gloucestershire's Police and Crime Commissioner Martin Surl has called for officers to be given any doses of the coronavirus vaccine left over at the end of each day.

Law firm advises Hartpury University and College on student accommodation expansion Image

Law firm advises Hartpury University and College on student accommodation expansion

National law firm Irwin Mitchell's Real Estate Division has advised Hartpury University and Hartpury College on their student accommodation expansion plans, in a deal worth around £17.5 million.

Cirencester court heading into session to clear backlog Image

Cirencester court heading into session to clear backlog

Cirencester Courthouse will hear its first cases on Monday after being reopened in an attempt to ease the backlog created by the coronavirus pandemic.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.