Mike Ashley’s Frasers Group makes fresh bid to buy Debenhams

Mike Ashley

Mike Ashley’s Frasers Group has revived its efforts to buy struggling department store chain Debenhams.

Ashley’s group submitted an offer earlier this month, according to The Sunday Times, as it seeks to further grow a high street empire that already includes the likes of Sports Direct, House of Fraser, Jack Wills and Evans Cycles. 

Debenhams collapsed into administration for the second time in a year back in April, falling into the hands of its lenders, including hedge funds Silver Point and GoldenTree.

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