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Coronavirus Topples Debenhams into Second Bout of Insolvency

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Struggling U.K. department store group Debenhams is heading towards administration—again. The company on Monday said it intends to appoint an administrator as part of an insolvency proceeding that’s the equivalent of a Chapter 11 bankruptcy in the U.S. The filing is the second one for the British retailer within the past year, after it was…

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