Thread: Changes on the High Street
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Old 06-12-2020, 00:29   #707
1andrew1
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Re: Changes on the High Street
Some potentially good news.
Quote:
Frasers tycoon Mike Ashley swoops on Debenhams

Billionaire Mike Ashley is racing to seal a last-gasp rescue of Debenhams this weekend in a dramatic intervention that could save up to 12,000 jobs.

The Frasers Group tycoon has revived his interest in taking over the struggling department store chain at the eleventh hour. The move could save Debenhams from liquidation: the 242-year-old group had seemed set to disappear from the high street for good after JD Sports withdrew from the running to buy it from administrators last Tuesday.

Ashley’s group, which owns Sports Direct, and advisers to Debenhams are trying to thrash out a deal that could value the chain at more than £200m, depending on how much stock is left. Frasers would operate Debenhams’ 124 stores under 12-month licences.
https://www.thetimes.co.uk/edition/b...hams-k2gzlw2d0
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