Debenhams axes Oxford Street flagship and 320 jobs with latest closures

Debenhams Oxford Street

Debenhams is permanently closing its Oxford Street flagship and five other stores, with the loss of 320 jobs. 

The embattled department store chain, which is in the midst of a winding down and stock liquidation process after falling into administration last year, said the prime London store would not reopen after it failed to agree to new lease terms.

 

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