Debenhams’ landlords, suppliers and lenders will not recover a penny of the £1.3bn they were owed when the retailer collapsed.
A progress report from liquidator AlixPartners revealed there were no funds available for distribution to Debenhams’ unsecured creditors, including suppliers and landlords. But there is no indication in the report of exactly how much its former landlords stand to lose.
The beleaguered British department stores group fell into liquidation in December 2020, after going into administration in 2019, leading to the closure of 118 anchor stores.
