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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Debenhams Plc    DEB   GB00B126KH97

DEBENHAMS PLC

(DEB)
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Debenhams : THE BOTTOM LINE

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03/28/2019 | 01:11am EST

EVEN by Mike Ashley's standards, yesterday was a busy day. By mid-morning, the retail tycoon was involved in not one but three City twists: a potential £61.4m offer for Debenhams, a further rebuttal from his other listed takeover target Findel, and a newly discovered financial black hole at Goals Soccer Centres, of which Ashley owns an 18 per cent stake. Evidence, if ever it was needed, of just how much the billionaire now has on his plate after a major high-street spending spree. Perhaps the growing workload explains the haphazard way in which Ashley has been announcing his plans in recent weeks: late on Tuesday night, Sports Direct's potential offer for Debenhams was sent to the retailer's board just minutes before it went public. "Cowboy tactics," grumbled one source involved in the saga. Could the pugnacious businessman be in danger of having his fingers in too many pies? SEBASTIAN MCCARTHY

(c) 2019 City A.M., source Newspaper

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Managers
NameTitle
Mark Anthony Gifford Chairman
Angela Morrison Director-Information Technology & Supply Chain
Alice Darwall Secretary & General Counsel
Katherine Wynne Director-Investor Relations
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