The british department store chain Debenhams is preparing for possible bankruptcy

The British department store chain Debenhams is in the process of planning for a possible cessation of operations, reported SkyNews Saturday afternoon.

Debenhams has a private equity investment company Hilco Capital has enabled it to have an emergency plan in the event that the retail chain does not sell.

Currently, more than two-centuries-old British department store chain is for sale.

In april, received a Debenhams for the second time in a year's time, the delay of the payment. Also, the coronacrisis, the British chain already has a debt of around 600 million pounds (663 million euros).

Last week, it was announced that there would be an additional 2,500 employees to be made redundant.

The British economy is a recordkrimp of more than 20 percent in a deep recession. Large Uk companies such as Debenhams, British Airways and Jaguar Land Rover have over the past period, also in case of large scale redundancies should be run.