Debenhams is set to launch a turnaround plan that will see the closure of up to 50 stores and rent reductions at the remaining stores.
This comes after administrators rejected all of the takeover bids for the struggling retailer.
This means that Debenhams is still owned by Celine, which is a consortium of the retailer’s lenders.
Debenhams' executive chairman Terry Duddy said: "I am grateful to our suppliers, our pension stakeholders and our landlords who have overwhelmingly backed our store restructuring plans.
"We will continue to work to preserve as many stores and jobs as possible through this process. This is a further important step to give us the platform to deliver a turnaround."
