Mike Ashley's Frasers Group confirmed on Monday that it’s interested in buying Debenhams even though the auction for the Department store chain has already ended and the chain is expected to close completely by March.
Frasers Group is continuing its deep dive into the luxury sector. On Thursday it announced that it has increased its already-large stake in leather goods company Mulberry and could make an offer for the brand.
Canada-based Elmau & Associates said Jeffrey M Clair has joined it as Executive VP of Sales, North America. He “will be responsible for accelerating the growth of licensed branded clothing lines for the Kangol brand”.
Mike Ashley's Frasers Group, formerly Sports Direct, has taken a 5.1% stake in German label Hugo Boss through stocks and derivatives, continuing his drive to take the British sportswear and apparel retailer upmarket.
JD Sports has reacted angrily after the competition watchdog decided to ban its Footasylum buy. Given that the company has already taken control of its smaller peer, it means it now has to sell the Footasylum business.