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Retail mogul Mike Ashley makes fresh bid for Debenhams

first_imgThe outspoken tycoon also backed a failed legal challenge by landlords over Debenhams’ company voluntary arrangement, which earmarked 50 stores for closure and allowed the firm to slash rents at 100 further sites. James Warrington Ashley previously owned almost 30 per cent of Debenhams and lost £150m when the chain was taken over by its lenders last year. Retail mogul Mike Ashley makes fresh bid for Debenhams whatsapp Sport Direct tycoon Mike Ashley has reportedly made a fresh bid for Debenhams, reviving his long-standing pursuit of the department store chain. Debenhams, which collapsed into administration in April, has hired Lazard to conduct a sale process.  (Getty Images) Also Read: Retail mogul Mike Ashley makes fresh bid for Debenhams He oversaw a shake-up of the company’s management, ousting chairman Sir Ian Chairman and boss Sergio Bucher from the board and launching an unsuccessful attempt to install himself as chief executive. Tags: Debenhams Mike Ashley by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyPast Factory”Waltons” Actress Says Magazine Ended Her CareerPast Factorybonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USADefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldPost FunWoman Refuses To Tip Waiter But Didn’t Realize What She Left At The TablePost Fun Ashley could be well placed to snap up the chain after India’s richest man reportedly pulled out of the auction. Mukesh Ambani, who owns Reliance Retail, had been the frontrunner in the race. It has also appointed Hilco Capital to liquidate the business if it fails to find a buyer — a move that would put more than 12,000 jobs at risk. Sunday 18 October 2020 11:39 am whatsapp Share (Getty Images) Show Comments ▼ The retail billionaire this month submitted an improved offer as the auction for Debenhams nears its final stages, the Sunday Times reported. (Getty Images) Also Read: Retail mogul Mike Ashley makes fresh bid for Debenhams last_img read more

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