The High Court has reversed a Labour Court decision in favour of a former employee at Debenhams, a move that has implications for a further 800 former workers. The move comes following a successful appeal by the company’s liquidators.
The liquidators of the collapsed department store chain are appealing a decision by the Labour Court in relation to payments to 800 former workers. The decision reignites a contentious battle between the liquidators and former employees.
When US investment firm Marathon Asset Management swooped in on Irish property after the financial crisis, three Debenhams stores entered its portfolio. The landlord is now suing the retailer.
Court documents reveal that the retailer failed to stem losses in the year prior to the Covid-19 pandemic and is now exposed to loan charges contracted by its troubled UK parent.
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