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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.

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.

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