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Mike Ashley’s Frasers Group in talks to rescue Debenhams

Mike Ashley’s Frasers Group in talks to rescue Debenhams

Mike Ashley’s Frasers Group has confirmed it is in talks over a ’potential rescue transaction’ for collapsed department store Debenhams. However, it warned that ’time is short’ and that its position was complicated by the recent administration of Arcadia Group, Debenhams’ biggest concession holder. Debenhams is set to shut all its stores by the end of March 2021.

KCooper
KCooper
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