Debenhams may be preparing to go out of business, but Mike Ashley – who has coveted the department stores chain for years – still sees a chance he could win it and has made a last-minute approach to its advisers.
Giant fashion group Arcadia is believed to be on the verge of the worst UK corporate collapse of the Covid crisis, with the firm expected to go into administration as early as Monday. This would put 13,000 jobs at risk.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
Frasers Group boss Mike Ashley is reportedly angry at being locked out of another brand auction. After failing to secure Debenhams, he's now interested in Jaeger but has claimed he's being denied information.