Magasin du Nord british owners Debenhams has been put under administration.
This writes the news agency Reuters, who further report that the creditors have taken control of Debenhams.
the News comes the day after the financially hard-pressed Debenhams, yesterday thanked no to a purchase offer of 200 million pounds from Mike Ashley, who owns Sports Direct.
According to british media, it happens after that Debenhams would not go to Mike ashley's demands for the acquisition of the company. Therefore, the creditors opted to take over control of the company.
according to the BBC, among other talk about the british bankgiganter as Barclays and Bank of Ireland, as well as the american hedgefonds.
Sky News writes that the Debenhams department stores - including the Magazine - will continue regular operation, but the administrators will now try to find another buyer.
at the same time assures the british company that neither the suppliers, employees or customers will be affected by the company's financial woes.
Debenhams includes 166 business and has more than 25,000 employees. Up to 50 stores are expected to close if the chain drags on a debt of more than eur 500 million. sterling, restruktureres in a konkursproces.
the Danish Magazine is, however, generally considered one of its strong assets.