Debenhams appoints advisers to draw up plans for possible liquidation

Struggling British department store chain has appointed Hilco Capital to draw up contingency plans for a possible liquidation of the chain in the unlikely event that an attempt to sell the business ends in failure.Debenhams on Tuesday said it would cut a further 2,500 jobs, while taking "all necessary steps" to give the chain every chance of a viable future.The company said that the move to appoint Hilco Capital, first reported by Sky News on Saturday, was part of that process but not an indicat