What: Frasers Group Plc is in last-ditch talks to buy Debenhams.

Why it is important: Debenhams employs 12 000 people and has 124 stores, all rented.

Mike Ashley’s Frasers Group confirmed it was in negotiations to buy the ailing Debenhams department store in a move which could save thousands of jobs. News of Ashley’s interest comes just a few days after Debenhams said it could have to liquidate the business after talks with JD Sports Fashion Plc ended. Frasers already owns the House of Fraser chain, which it also bought out of administration, providing potential synergies if he were to merge the two.

Read IADS Exclusive article on Frasers Group to get insights on the group’s business model, on its opportunities and the risks it is facing.

Mike Ashley’s Frasers Group in Talks to Buy Debenhams

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