Share Prices & Company Research

Market News

14 Dec 2020 | 12:23

Frasers shares jump on Debenhams deal hopes

(Sharecast News) - Shares in Frasers Group jumped on Monday, following weekend reports that a Debenhams deal could be imminent. According to the The Mail on Sunday, Mike Ashley's Frasers - which owns House of Fraser and Sports Direct, among other brands - spent the weekend locked in talks to buy Debenhams' online business, along with around 30 or 40 of the 124-store estate.

The Mail on Sunday said other bidders had been locked out of talks, and that there were hopes that a deal could be secured as early as Monday.

A number of other retailers are reported to have shown an interest in both Debenhams and Sir Philip Green's Arcadia Group, which called in the administrators earlier this month. Arcadia's brands include Topshop, Burton and Dorothy Perkins.

UK businesses linked with Arcadia included Marks & Spencer, Next, Boohoo and Associated British Foods, the owner of Primark.

American fashion and investment firm Authentic Brands, owner of Juicy Couture, is also thought to be interested in both Arcadia and Debenhams, The Sunday Telegraph reported.

However, an analyst told The Times that many companies were registering interest as an opportunity to look at a rival's books. "The real action will be when the first round bids are in," an unnamed analyst told the newspaper.

As at 1315 GMT, shares in Frasers Group were ahead 6% at 457.6p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 7th October 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.