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 takeover talk persists

Department store group Debenhams is the subject of renewed bid speculation after Micky Jagtiani increased his stake in the retailer.

Micky Jagtiani's investment vehicle Milestone Resources increased its holding in Debenhams from 8.39% two weeks ago to 9.13%.

Jagtiani is the boss of Dubai based retail giant Landmark and also has links with Icelandic investment firm, Baugur which in turn owns 13% of Debenhams.

Baugur along with Jagtiani and Sir Tom Hunter's investment firm West Coast Capital have all been linked to a possible bid for US department store group Saks.

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.