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Debenhams Ireland exits examinership

Debenhams’ Irish business is set to exit examinership, saving 1,330 jobs.

Debenhams Cork

Debenhams Cork

The High Court approved a restructuring plan for Debenhams Retail (Ireland) which will see all 11 stores remaining open, according to The Irish Times.

Debenhams Ireland’s director John Bebbington told the newspaper: “Our priorities are now to implement the restructuring plan to ensure Debenhams’ long term sustainable future in Ireland. To that end, an investment plan for the business has commenced in addition to a funding facility that will provide support to the business for the next three years.”

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