Debenhams owner on brink of administration

// Debenhams parent company Celine calls in FRP to advise on own administration
// Celine says their own administration won’t affect Debenhams’ sales, staff, customers or suppliers
// During lockdown, Debenhams went into a light-touch administrationDebenhams’ parent company has reportedly appointed advisers to prepare its own administration.
According to reports in The Telegraph and The Times, Celine Group Holdings hired Philip Watkins and Philip Armstrong from FRP Advisory as