THE RETAIL BULLETIN - The home of retail news
20 years serving the retail industry
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
Property
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
Omnichannel Retail 2022
Retail HR 2022
THE Retail Conference 2022
Retail Women In Leadership 2022
Digital Transformation Strategy 2022 Part 2
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Frasers Group in talks regarding rescue of Debenhams

Mike Ashley’s Frasers Group has announced that the business is currently in talks regarding a potential rescue of the Debenhams department store chain. The news follows… View Article

DEPARTMENT STORES

Frasers Group in talks regarding rescue of Debenhams

Mike Ashley’s Frasers Group has announced that the business is currently in talks regarding a potential rescue of the Debenhams department store chain.

The news follows a statement issued by Debenhams last week in which it said its operations would be wound down after a rescue deal with JD Sports failed to materialise. The retailer called in administrators back in the spring but has continued to operate while it looks for a buyer.

In a statement issued today, Frasers Group said: “The company confirms that it is in negotiations with the administrators of Debenhams’ UK business regarding a potential rescue transaction for Debenhams’ UK operations.

“Whilst Frasers Group hopes that a rescue package can be put in place and jobs saved, time is short and the position is further complicated by the recent administration of the Arcadia Group, Debenhams’ biggest concession holder. There is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly .”

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News