Debenhams, long a staple of the British high street, has a history stretching back more than two centuries.
Here is a look back at the key moments in Debenhams' growth and decline.
William Clark opens a drapers store selling expensive fabrics and accessories in London’s West End.
William Debenham invests in Clark’s firm and it becomes Clark and Debenham. It opens its first shop outside the capital five years later in Cheltenham.
Following decades of business acquisitions from retail to manufacturing, Debenhams Ltd is incorporated.
The business purchases retailer Harvey Nichols in Knightsbridge.
Debenhams becomes a public company after the Debenham family ends its involvement in the business.
The retailer becomes the largest department store in the UK, owning 84 companies and 110 outlets.
After decades of growth, sales start to slide and the company announces a profit warning, amounting to a 26% plunge.
Of Debenhams shares drop after sales start to slide.
Simon Herrick, the company’s chief financial officer, resigns after the profits warning.
A curb on promotions boosts Christmas sales for Debenhams, but fails to stave off questions about its turnaround plans.
Michael Sharp, the company’s chief executive, announces he will be stepping down amid shareholder pressure for a boardroom shake-up. It comes as Debenhams enjoys its first rise in annual profits for four years, up 2.9% in underlying pre-tax profits.
Amazon Fashion boss Sergio Bucher is confirmed as Debenham’s new chief executive.
The challenges facing Mr Bucher are laid bare when a slump in full-year profits is reported, down 10.4% before tax.
Debenhams reveals plans to put 10 stores under review and says it is closing 11 warehouses, including one of its major distribution centres employing 220 staff.
The retailer reports a collapse in annual pre-tax profits, tanking 44% to £59 million in the year to September 2.
Further turbulence is disclosed, with Debenhams saying UK like-for-like sales tumbled 2.6% in the 17 weeks to December 30, with overall group sales down 1.8%.
It is announced 320 store management roles are to be slashed.
A half-year profits plunge of nearly 85% is revealed, with pre-tax profits falling from £87.8 million to just £13.5 million over the 26 weeks to March 3.
Sales took a major hit during the final days of the trading period when bad weather forced Debenhams to temporarily close around 100 stores.
Debenhams issues its third profit warning of the year.
Plans are unveiled for 50 shops to be closed, threatening 4,000 jobs.