Debenhams prepares to file for bankruptcy

Chain buckles under coronavirus shutdown just a year after it was rescuedCoronavirus - live news updatesFind all our coronavirus coverage hereDebenhams is preparing to call in administrators after the struggling department store was forced to close all its outlets under the coronavirus lockdown.The company, which has 22,000 staff and was rescued by its lenders after collapsing into administration only a year ago, is understood to be considering filing a formal notice of intention to appoint admi