Embattled Debenhams appoints advisers to prepare liquidation plans

Fears are growing for the future of Debenhams after it appointed advisers who specialise in winding up struggling retail businesses. Experts from Hilco Capital are drawing up plans understood to include liquidating stock if a rescue cannot be arranged for the heavily indebted department store and it collapses. The retailer’s lenders took control of Debenhams in April as it fell into administration, the second time in a year the business has sought protection from its mounting troubles. The