UK retailer Debenhams preparing to file for administration - Sky

Britain's Debenhams, once the country's biggest department store group, could file for administration as soon as next week in a bid to protect its business from creditors during the pandemic, Sky News reported.

Debenhams' lenders took control of the retailer in April last year in an effort to keep stores open. They have since shut due to the outbreak. No one at the company was immediately available to comment.