Debenhams will exit the UK high street for good on May 15 as the administrators close its remaining stores. The closures will end more than 200 years in which the company has been a major name in UK retail.
One of the most distinctive landmarks in central London retail is up for sale. The former Topshop flagship on Oxford Circus, the jewel in crown of the dismantled Arcadia Group empire, is valued at around £420 million.
Debenhams hasn’t disappeared from the high streets quite yet. Many of the almost-100 department stores still in existence will reopen for up to 33 days from 12 April, offering deep discounts to clear stock.