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Frasers Group was reported to be in talks to acquire Debenhams, [67] [68] [69] though it was later reported that Ashley was mainly interested in using empty Debenhams stores to expand his other chains, including House of Fraser, Sports Direct and Flannels; taking 'vacant possession' would avoid redundancy costs for existing staff.
In November 2020, Debenhams' main concession operator Arcadia also entered administration, leading to the collapse of talks with JD Sports and Frasers Group over a potential rescue. [6] As a result, Debenhams announced it would be liquidated. [7] The Debenhams brand and website were purchased by the online retailer Boohoo for £55M in January ...
Mike Ashley's Frasers Group said it is in negotiations to buy collapsed department store chain Debenhams from administrators in a rescue deal, which would further extend the retail billionaire's ...
House of Fraser and Frasers are a British department store chain with 26 locations across the United Kingdom and 2 in Ireland, part of Frasers Group. It was established in Glasgow, Scotland in 1849 as Arthur and Fraser. By 1891, it was known as Fraser & Sons. The company grew steadily during the early 20th century and in 1936 began a period of ...
Frasers Group, which owns Sports Direct and Flannels, already owns a 37% stake in the company. ... Mr Ashley held a roughly £180 million stake in Debenhams before the historic retailer collapsed ...
Mike Ashley’s firm had been trying to install him as Boohoo’s new chief executive, but the online retailer chose someone else.
In 2004, a significant extension to the centre was added to accommodate a new Debenhams department store which would be the third anchor tenant for Foyleside. The four-story building was owned and operated by Debenhams from 2004 until 2021, before being purchased by Frasers Group. Frasers Anchor Building (as of 2024)
But Rupert Visick, speaking for Frasers Group, said the location chosen was the "optimal site" and would allow the business to expand and support another 750 stores, generating an extra 11,000 jobs.