Ireland's Debenhams Retail Ltd exits examinership, 1330 jobs saved

The High Court of Ireland has approved a restructuring programme for Debenhams Retail Ltd, meaning it will leave examinership in Ireland and 1330 jobs will be saved, a report said.

Debenhams Retail Ltd is the Ireland subsidiary of Debenhams.

Back in May, KPMG's Kieran Wallace was appointed examiner for loss-making Debenhams Retail Ltd in a bid to save all of its 11 stores.

As part of the restructuring plan, the Irish subsidiary had secured new leases at several key stores, a report in Retail Gazette said.