Ash­ley eyes up pos­si­ble bid for Deben­hams

Irish Independent - - Business -

UK HIGH-street mogul Mike Ash­ley is weigh­ing up a bid for de­part­ment store chain Deben­hams – just days af­ter agree­ing to buy House of Fraser.

Mr Ash­ley con­trols Sports Di­rect, which also owns a 29.7pc stake in the stock mar­ket-listed Deben­hams. That is just shy of the stake that would force him to make a bid for the firm.

The ‘Sun­day Tele­graph’ re­ported that Mr Ash­ley and Philip Day, the owner of the Ed­in­burgh Woollen Mill, are sep­a­rately pre­par­ing plans to buy Deben­hams.

Mr Day lost out to Mr Ash­ley in the bat­tle for House of Fraser.

Mike Ash­ley

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