Frasers Group boss Mike Ashley eyes 30 Debenhams stores

10944
Mike Ashley House of Fraser Debenhams Sports Direct Frasers Group
Mike Ashley has previously expressed an interest in taking control of Debenhams
// Mike Ashley eyes 30 Debenhams stores
// Ashley is expected to make a public statement this week

Frasers Group owner Mike Ashley is reportedly looking to seize as many as 30 stores from rival retailer Debenhams.

The billionaire tycoon has discussed with senior staff and is likely to reveal a public statement as soon as this week, Mail Online reported.

Ashley is the majority owner of Frasers Group, which owns sportswear giant Sports Direct. department store chain House of Fraser, as well as Jack Wills, Sofa.com and Evans Cycles.


READ MORE:


Ashley has previously expressed an interest in taking control of Debenhams and attempted – but failed – to win a seat on the senior board role at the department store chain at least twice.

However, it has been speculated that the Covid-19 pandemic may have lessened Ashley’s interest in seizing some or all of Debenhams’ stores.

It remains unclear as to whether Ashley’s interest includes the 35 Debenhams stores that have remained closed since the lockdown in March.

Debenhams reopened 124 stores since June 15, when non-essential services began to reopen.

Separately, investors in Frasers Group are hoping the company will have been boosted by strong online and reopening sales when it reveals the impact of the Covid-19 pandemic for the first time.

Frasers Group will announce its full-year figures on Thursday.

Click here to sign up to Retail Gazette‘s free daily email newsletter

7 COMMENTS

  1. Just had the worst experience with Scotts Menswear (Sports Direct) where I ordered a pair of Adidas trainers and after 2 weeks was told they’d gone missing. After another 2 weeks had the order cancelled. Still waiting for a refund.
    Contrast this with my order with JD Sports, same trainers, arrived in 2 days, texts all the way through, amazing.
    There’s a reason Mike Ashley has a terrible reputation.

    • Boo boo about your trainers. Really?! These people have lost their jobs in the middle of a pandemic and you’re complaining about your trainers? Get some decency, man!

  2. Simon Adams, do your research before you slag off the wrong company/person. Scott’s menswear is owned by JD sports NOT Sports Direct/Mike Ashley.
    I’m not defending Ashley in any way but he has nothing to do with your missing trainers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here