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Travel industry news

09 Apr 2019

BY Gary Noakes

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Virgin Holidays concessions trading normally despite Debenhams crisis

Virgin Holidays has said it is “working closely” with Debenhams following the announcement that the department store had been taken over by its lenders.

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All Virgin Holidays concessions in Debenhams 'trading normally'

Virgin Holidays has 36 concession stores among the 166 Debenhams branches.

 

As part of a "pre-pack" administration process, 50 of the department store’s branches will be closed in the future, although details of where these will be have not been disclosed.

 

A Virgin Holidays spokesperson said: “Our 36 concession stores are currently trading as usual.

 

"We’d like to reassure customers who have booked through a Debenhams store that it will have absolutely no impact on their holiday, and that future customers can continue to book with confidence.”

 

Debt-laden Debenhams is now in the hands of banks, including Barclays and Bank of Ireland, plus a bunch of US investment firms.

 

They will slim down the brand and sell it as a going concern.

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