Mike Ashley’s interest in Debenhams is now heading towards 13.5% with news that the Sports Direct Group he controls has raised its interest in the retailer again. The move increased specualtion on his long-term plans.
The list of bidders for Jaeger has grown and it looks like Edinburgh Woollen Mill could be in the lead with sources saying its owner’s track record of succesful turnarounds gives it a strong chance of winning the prize.
Christos Angelides has been named CEO at Reiss, confounding expectations that he would take the top clothing role at M&S. His new role at Reiss is part of a “planned succession process” and looks like a good fit.
French Connection shareholder Gatemore Capital said it fears the struggling retailer could run out of cash this year and is in need of a shake-up at boardroom level or should be sold, according to reports.