Debenhams fails to make pension payment as it prepares for administration

James Phillips
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Debenhams said the administration would be 'light touch'
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Debenhams said the administration would be 'light touch'

Debenhams has missed its April deficit recovery contribution (DRC) to its staff pension schemes as the struggling high street retailer files a notice of intent to appoint administrators amid the Covid-19 crisis.

The ailing department store chain today (6 April) confirmed it would appoint administrators to protect itself from the threat of legal action from creditors, which it said could have forced the business...

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