The Trafford Centre owner has gone into administration it has just been confirmed today.
The centre, which is a regular shopping trip for many in Liverpool, is owned by Intu who warned earlier this week they were likely to go in administration after talks over the future of the company ended in failure.
The Trafford Centre is the largest shopping centre in North West England, and currently contains more than 200 shops, restaurants, and attractions.
Intu has said that shops can continue to trade for the time-being, reports MEN.
The shopping centre owner said it has applied to appoint administrators from KPMG, after warning earlier on Friday that it was on the verge of collapse.
The confirmation came minutes after the London Stock Exchange suspended shares in the listed firm
Earlier this week, Intu said it put administrators from KPMG on stand-by as it looked to secure a deal which it had until midnight today to do.
The group has struggled under a £4.5 billion debt burden for the past year, but has been hammered by significantly lower rent payments from retail tenants since the coronavirus outbreak.
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