Mike Ashley relaunches long-standing attempts to buy debenhams department store chain
Mike Ashley has revived his long-standing attempts to buy the Debenhams department store chain.
The Sports Direct mogul saw his 30% stake wiped out along with other shareholders when lenders took over.
Back to the hunt: Mike Ashley is trying to acquire Debenhams again after being placed under ‘light’ administration in April
Now the 56-year-old is trying to acquire the company again after being placed under ‘light’ administration in April.
Ashley is bidding for Debenhams, which has 120 stores and 120,000 employees through an auction, the Sunday Times reported.
He wants to open Sports Direct concessions in his stores and convert some of them into Frasers points of sale.
Debenhams is owned by private equity firms among other investors.
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