Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Debenhams tables bid for Jane Norman

Debenhams has tabled a bid to acquire the stock and brand of fashion chain Jane Norman, it is understood.

According to The Independent, Debenhams wants to keep the profitable Jane Norman concessions trading in its department stores, but has no interest in its 91 high-street stores. It is also thought it has offered to buy some of the stock in Jane Norman’s standalone shops.

Jane Norman is due to pay its rent bill tomorrow and it is unclear if the lenders have the appetite for such a payment.

Debenhams has a change of ownership clause in its contract, which means it could terminate Jane Norman’s concession contract if the business was sold to a third party. The deal would be similar to that of Principles, when Debenhams picked up the brand name and stock out of administration to use as an own label, but did not take on its high street stores.

Jane Norman was put up for sale by its banks and has hired PricewaterhouseCoopers to complete the deal.

The team behind Aurora Fashions are also thought to be interested, as revealed by Drapers. There are also some retail restructuring firms circling.


Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.