DEPARTMENT store Debenhams is on the brink of administration for the second time in a year, the company confirmed today.

The current owners want to push the business into administration then buy it back debt-free, as 142 stores are closed and the majority of the 22,000 staff are furloughed.

Debenhams, which has filed a notice of intent to appoint an administrator, said it is making preparations to open again once government restrictions are lifted.

“The group is preparing to enter a ‘light touch’ administration that will see the existing management team remain in place under the direct control and supervision of the administrators,” the company said.

The majority of its employees in Britain are currently being paid under the government’s furlough scheme after its stores closed following the shutdown of non-essential shops.

“This is more worrying news for staff who were recently furloughed,” said retail union Usdaw, repeating its call for the chain to engage with it over staff welfare.

“It’s crucial that the staff and their voice should be heard and they are treated with the dignity and respect they deserve,” said national officer Dave Gill.

Debenhams said it continues to trade online in Britain, Ireland and Denmark.