Chop shop: Irish outlets not affected by cull of Debenhams stores in UK
Irish Debenhams stores are not to be affected by sweeping plans to shut 22 of the chain's UK outlets, a move that puts 1,200 jobs at risk.
The retailer's 11 stores in the Republic of Ireland are not affected by the two Company Voluntary Arrangements (CVAs), a UK insolvency scheme which lets the struggling firm cut costs and debt in order to survive.
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Lenders took control of Debenhams earlier this month in a deal that wiped out shareholders, including Sports Direct boss Mike Ashley, who had tried to take control of the business.