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Debenhams asks for rent holiday as shoppers shun streets due to coronavirus

16 March 2020

Debenhams has asked landlords for an immediate five-month rent holiday as the retail industry faces “unprecedented pressures” because of the coronavirus pandemic.

The UK department store chain is already in the midst of a major financial restructuring process, and has closed 22 stores. Another 28 of its remaining 141 stores are expected to close next year.

Read the full article on The Guardian.

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