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		</div><p>Debenhams is expected to slide into administration in the coming days following the impact of coronavirus.</p>
<p>It is understood that the UK department store chain, which runs 142 stores and employs around 22,000 workers, could file for administration as early as next week.</p>
<p>The company has not yet filed for insolvency but sources told PA that administration is the <em>“most likely”</em> course of action.</p>
<p>The retailer has lined up accountancy firm KPMG to handle the process, according to Sky News.</p>
<p>Debenhams confirmed that it is <em>“making contingency plans”</em> in a bid to secure its future, with a view to re-opening stores once the lockdown is removed.</p>
<p>The retailer has already notified suppliers of a delay to payments and has requested a rental holiday from landlords.</p>
<p>A Debenhams spokesman said: <em>“Like all retailers, Debenhams is making contingency plans reflecting the extraordinary current circumstances.</em></p>
<p><em>“Our owners and lenders remain highly supportive and whatever actions we may take will be with a view to protecting the business during the current situation.</em></p>
<p><em>“While our stores remain closed in line with Government guidance, and the majority of our store-facing colleagues have been furloughed, our website continues to trade and we are accepting customer orders, gift cards and returns.”</em></p>
<p>Debenhams has furloughed store staff after it was forced to close its stores temporarily following the Government-mandated shutdown.</p>
<p>The department store business has closed 22 shops in recent months as part of plans to shut 50 sites and bring its total estate to 110.</p>
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