LONDON, Dec. 1 (Xinhua) -- Britain's multinational retailer Debenhams confirmed Tuesday that the 242-year-old company is set to shut down all British shops amid the coronavirus pandemic hit, putting 12,000 jobs at risk.
The Debenhams' administrators, FRP Advisory, have "concluded the initial sale process that was part of their assessment of options for the UK business in administration," said the retailer in a statement.
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