Landmark boss ups stake in Debenhams

Published: 11 January 2008 13:07
Author: Laura Weir
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Last Updated: 14 January 2008 09:14
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Debenhams

Bid speculation over Debenhams has increased after further stakebuilding by Milestone Resources, the investment vehicle linked to retail tycoon Micky Jagtiani.

The former London cabbie, who heads Dubai-based Landmark group, has edged up his stake to 8.39% from the 7.3 per cent it acquired in December.

Landmark Group has held talks with Icelandic investor Baugur about a possible joint bid for US department store Saks, and Jagtiani has expressed interest in the idea of a joint bid for Debenhams.

Author: Laura Weir.

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Landmark boss ups stake in Debenhams

Bid speculation over Debenhams has increased after further stakebuilding by Milestone Resources, the investment vehicle linked to retail tycoon Micky Jagtiani.

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