In a desperate bid to restructure its finances, Debenhams was put into administration in 2019, wiping out its shareholders. It then secured a so-called company voluntary arrangement (CVA) with its landlords, enabling it to cut its rent bill and embark on plans to close 50 of its 166 stores.

Is Debenhams still in administration?

Debenhams then went into liquidation in December after the administration process failed to secure any buyers to save the business. About a month later in January, its brand, ecommerce operations and assets were purchased by Boohoo Group in a £55 million deal.

Is Debenhams still trading 2021?

The Debenhams brand will continue to trade online after it was bought by the fashion retailer Boohoo for £55m in January.