Debenhams Retail Ltd has a 'reasonable prospect of survival'

The appointment of an examiner to the department store chain, Debenhams Retail (Ireland) Ltd, has been confirmed by the High Court.

Some 1,400 staff are directly employed, while 500 concession staff and 300 cosmetic staff also work in the 11 stores nationwide.

Earlier this month, Debenhams Retail (Ireland) Ltd (DRIL) sought examinership, because of consistent losses sustained since the recession, in 2007, and after the withdrawal of support by UK parent company, Debenhams Retail plc.