Debenhams fails to make pension payment as it prepares for administration
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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