The company announced a £491 million pre-tax loss in 2018 and by April of 2019, the retail giant entered administration and delisted from the stock market. It undertook a major restructuring, but went into liquidation in 2020.The company announced a £491 million pre-tax loss in 2018 and by April of 2019, the retail giant entered administration and delisted from the stock market. It undertook a major restructuring, but went into liquidation in 2020.
The company announced a £491 million pre-tax loss in 2018 and by April of 2019, the retail giant entered administration and delisted from the stock market. It undertook a major restructuring, but went into liquidation in 2020.

End of an era as Preston's Debenhams store closes for the final time

Debenhams in Preston has closed permanently.

The store- of the the largest in Preston - has been running knockdown price sales for the last month in anticipation for the closure, after the company went into administration last year.

The doors closed for good at around midday on Wednesday, May 12.

The Debenhams brand and website were sold to online retailer Boohoo for £55m in January, but not the company's shops, bringing to an end Debenhams’ 242 years of trading on the British high street.

The Debenhams brand and website were sold to online retailer Boohoo for £55m in January, but not the company's shops, bringing to an end Debenhams’ 242 years of trading on the British high street.

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