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Bankrupt Debenhams Facing Liquidation After Failed Buyer Search

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

This week may be British retail’s worst one yet. After Topshop parent Arcadia Group collapsed into administration Monday, Debenhams on Tuesday appeared to hit the end of the road, commencing a wind-down of U.K. operations that could potentially wipe out 12,000 jobs. Debenhams will continue to sell through its 124 U.K. stores and online to…

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