3 Apr 2020

Debenhams expected to go into administration

Debenhams is expected to become the latest high-profile business casualty of the coronavirus crisis.

Debenhams is expected to become the latest high-profile business casualty of the coronavirus crisis. The firm, which was already in financial difficulties, is likely to go into administration next week putting thousands of jobs at risk.

As hundreds of thousands of businesses face a funding crisis, the government has instructed banks to stop offering firms their own loans before allowing access to the government-backed scheme.