Debenhams survival plan approved

A survival plan allowing the department store chain Debenhams Retail (Ireland) Ltd exit examinership has been approved by the High Court.

Under the terms of the plan, the retailers 11 stores are to remain open and the vast majority of the company’s 1,400 directly employed staff, some 500 concession staff, and 300 cosmetic staff are to be retained.

There will be 98 voluntary redundancies, but no compulsory ones. The company operates four stores in Dublin, two in Cork, and others in Galway, Limerick, Newbridge, Tralee, and Waterford.