The retail deal frenzy continues with fresh approaches from potential buyers for Debenhams and Hamleys. A consortium lead by John Lovering has requested financial information from Debenhams, itself in talks with venture capitalist Permira.
The Lovering consortium, comprising CVC Capital Partners and Texas Pacific Group, is understood to be keen to maintain the present management team if the bid is successful. Permira is thought to be close to making a decision, but no formal timeframe has been set.
Meanwhile, entrepreneur Tim Waterstone tabled a 230p-a-share bid for Hamleys. The bid topped last Friday's 226p offer from Baugur, which had already increased its 205p offer. Baugur was considering its response as Retail Week went to press.
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