Debenhams administrators have made millions in fees since the department store went bankrupt in 2020.
According to reports in The Times, FRP Advisory has earned more than £7.2 million since the department store company declared bankruptcy.
In January 2021, the administrators oversaw the sale of the retailer’s brand and website to fast-fashion behemoth Boohoo for £55 million.
READ MORE: CLOTHING RETAILER JOULES ABOUT TO FALL JEOPARDISING 1,600 JOBS
According to the documents, FRP Advisory received an additional £1.9 million in remuneration between April and October of this year as a result of increased staff rates.
Debenhams first declared bankruptcy in 2019, and the news comes as retail behemoths such as Made.com face a similar fate in 2022.
Following the collapse of the online furniture retailer last week, Next purchased its brand, domain names, and intellectual property for £3.4 million.
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Joules also declared plans to appoint its own administrators this morning, putting 1,600 jobs at risk.
Source: Retail Gazette
