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Bankrupt Debenhams Facing Liquidation After Failed Buyer Search

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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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