Debenhams is seeking buyers again in an effort to prevent the department store chain going into liquidation.
The retail group has appointed the investment bank Lazard to oversee an attempted sale that is expected to start this week.
The move comes after Debenhams entered a “light touch” administration in April, which allows the chain’s directors to file for administration but run its 124 remaining stores as normal rather than giving the business over to insolvency practitioners.
It is the third time that the struggling retailer has gone through some form of insolvency process in a year.
