Big names on High Street to close | Company

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Thousands of jobs are threatened this week as some of the best-known high street retailers confront the administration and others are preparing to close part of their stores permanently.

Debenhams, the department store chain, and Cath Kidston, the floral fashion brand, are about to file for administration as the closure of the coronavirus causes carnage in an industry already grappling with high business rates and online competition.

Arcadia, Sir Philip Green’s retail group, is also said to be considering leaving some of its 550 stores.

Debenhams was fighting for survival before the epidemic. It has closed 22 stores this year and plans to close 28 more in 2021. All of its 142 properties could now be closed, putting 22,000 jobs at risk.

Cath Kidston

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