// Associated British Foods reportedly considering Arcadia bid
// Deloitte administrators set to receive firm offers for Sir Philip Green’s retail empire by end of this week
Primark owner Associated British Foods is reportedly considering a bid for a number of Arcadia Group’s fashion retail brands, according to The Sunday Times.
AB Foods is believed to be looking over an offer for a portion of Sir Philip Greens’ retail empire, joining a long line of potential suitors that includes Mike Ashley’s Frasers Group, Mahmud Kamani’s Boohoo Group, Marks & Spencer, Next, River Island and US firm Authentic Brands.
While there has been extensive talk around potentially interested parties, administrators from Deloitte are expected to receive firm offers by the end of this week.
- US firm Authentic Brands linked to double takeover of Debenhams and Arcadia Group
- Arcadia administrators seeking bids of £200m for Topshop
- Arcadia Group: What went wrong?
Over the weekend Juicy Couture and Barneys owner Authentic Brands was linked to a double takeover deal for Arcadia Group and Debenhams.
City sources cited by The Telegraph said Authentic Brands was believed to have “deep pockets” and is considering a bid for both retailers.
Any developments at Arcadia Group would also impact administration talks for Debenhams, as it is the biggest operators of concessions in Debenhams’ stores.