Debenhams in Takeover Speculation

Reports that the UK department store chain Debenhams may be subject to a takeover bid have been circulating after the Dubai-based Landmark Group, through Milestone Resources Group, upped its stake in the business to 7 percent. In July, the Icelandic inves

April 6, 2018

tment group Baugur, which owns the House of Fraser stores, ruled itself out of any bid for Debenahms for six months following speculation that it was preparing a takeover bid for the business. Landmark and Baugur have been putting together a possible joint bid for U.S. store group Saks Fifth Avenue.

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