Debenhams, Britain's most famous fashion chain, faces the risk of collapse and filing for bankruptcy within the next few days unless efforts to rescue the company succeed.

According to Arabiya Net, several companies operating in the British retail sector have announced their collapse during the past weeks and months due to the suffocating economic crisis that resulted from the spread of the Corona virus.

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and several British newspapers published on Sunday morning published information about the suspension of the ongoing talks in order to save the Debenhams chain of stores, one of the most famous and oldest fashion companies in Britain In the event that it declares bankruptcy, this means that it will have collapsed after 242 years of continuous work in the market.

And also the famous retailer, J.Disport, is in talks to conclude a deal with Debenhams that will save the latter from collapse and bankruptcy, but the Sunday Times and Mail on Sunday said On Sunday morning, these talks have been suspended and have been suspended starting Saturday.

In a report seen by Al-Arabiya.net, the two newspapers indicated that the potential deal, which will include a wide range of stores in the market and online businesses, is seen as an opportunity The last to save the giant company from a painful collapse in the new year.

Sources familiar with the matter said that there was growing tension over the weekend over whether a deal could be agreed, and one source said the agreement looked further than ever.

according to sources, if a reliable buyer is not found for Debenhams, the chain is expected to shrink by more than half in the new year, or experts will be called Insolvency to provide portions of the business to other retailers in the marketplace.

and sources said that a final decision is expected from JD Sport this week regarding the deal that will lead to saving Debenhams from collapse.

Debenhams was founded in 1778 and has been operating in the British market since that time without stopping, but this year it entered a major crisis due to the spread of the Corona virus, which prompted the government to take A decision to complete the closure twice during the current year.

The Mail on Sunday reported last August that the famous businessman Mike Ashley wanted to buy about 30 stores from Debenhams, where he made two offers, but they were less than the price. The £ 300m demand halved ...