Published: 14:39, 03 April 2020
| Updated: 19:39, 03 April 2020
Debenhams could be about to go into administration amid the coronavirus outbreak.
The struggling chain, which has two stores in Kent, is reportedly considering the move to protect the company against legal claims from creditors during the pandemic.
Debenhams is struggling due to coronavirus
Accountancy firm KPMG is one of those on standby to handle the process, according to Sky News.
It is understood the decision is not set in stone and an alternative outcome could still arise.
The retailer placed the majority of its 22,000 staff in furlough only a matter of days ago.
The chain closed stores in Ashford, Chatham, Canterbury and Folkestone earlier this year, despite a court case.
Trade will continue on its website even if the company does enter into administration.
A company spokesman said: "Like all retailers, Debenhams is making contingency plans reflecting the extraordinary current circumstances.
"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.
"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."
More as we get it.