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Debenhams to close five stores in the UK with loss of 1,000 jobs

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Debenhams is to shut five stores after failing to reach agreement with its landlords over rent, resulting in 1,000 job losses.

The beleaguered chain was already in administration but has been seeking to renegotiate terms with the owners of its 142 UK sites as the coronavirus resulted in stores being forced to shut their doors.

Last month, it agreed a deal with some landlords to secure the future of 120 sites but the five locations were not included.

Of the remainder, 10 more shops – employing a total of 600 – have also now been earmarked for closure, while the future of seven still hangs in the balance.

Debenhams said in a statement: “We can confirm that despite our best efforts, we have been unable to agree terms with Hammerson on our five stores in its shopping centres, and so they will not be reopening.

“We continue to engage in constructive talks with our landlords and have agreed terms on the vast majority of our stores, which we look forward to reopening when government restrictions allow”.

The stores that are closing are in Reading, Croydon, Birmingham, Leicester and Glasgow Silverburn owned by property giant Hammerson.

Read more via Sky News

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