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Mike Ashley in talks to save Debenhams UK department stores

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manchestereveningnews.co.uk
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direct to your inboxMike Ashley's Frasers Group has said it is in talks with Debenhams to save the department store’s UK's operations.It was announced last week that administrators had "regretfully" decided to start the liquidation process of the 242-year-old department store chain.The company confirmed plans to start winding down its operations after rescue talks with JD Sports collapsed.The news came just a day after Topshop owner Arcadia, which is also Debenhams’ biggest concession holder, collapsed into administration, putting 13,000 jobs at risk.But the collapse of both has lead to extra complications.In a statement to the stock exchange, Frasers said: "The company confirms that it is in negotiations with the administrators of.

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