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       GB00B126KH97

DEBENHAMS PLC

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Frasers Group in Talks to Buy Collapsed Debenhams

12/07/2020 | 02:25am EDT

Mike Ashley’s Frasers Group plc (LSE:FRAS) said it is in negotiations to buy collapsed Debenhams plc from administrators in a potential rescue deal. Frasers said that it hoped a deal, previously reported by The Sunday Times, could be reached and jobs saved, but cautioned that the transaction was complicated by the recent administration of Debenhams-concession holder Arcadia Group Limited. “There is no certainty that any transaction will take place, particularly if discussions cannot be concluded swiftly,” Frasers said in a statement on December 7, 2020.


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Managers and Directors
Steven M. Cook Managing Director
Mark Anthony Gifford Chairman
Stephen Sunnucks Director
Beatrice Madeleine Lafon Non-Executive Director
Katherine Wynne Director-Investor Relations