“There is no development on that front,” one of the 32 suppliers to Debenhams told Dhaka Tribune on condition of anonymity. The suppliers will have to take the legal route to get their dues from Debenham’s administrators, said KI Hossain, president of the Bangladesh Garment Buying House Association. The demise of Debenhams comes just a day after another British high street giant, billionaire Philip Green's retail empire Arcadia Group, collapsed into adminstration. The latest retailer to collapse is the British high-street giant Arcadia Group, whose brands include the highly popular Topshop, Burton and Wallis. “Arcadia restored the work orders and took the products it had cancelled when the pandemic began.

Source: Dhaka Tribune December 01, 2020 18:13 UTC