Frasers Group PLC Statement re: Debenhams (6799H)
December 07 2020 - 01:00AM
UK Regulatory
TIDMFRAS
RNS Number : 6799H
Frasers Group PLC
07 December 2020
Date: 7 December 2020
Frasers Group Plc
("Frasers Group" or the "Company")
Debenhams
The Company confirms that it is in negotiations with the
administrators of Debenhams' UK business regarding a potential
rescue transaction for Debenhams' UK operations. Whilst Frasers
Group hopes that a rescue package can be put in place and jobs
saved, time is short and the position is further complicated by the
recent administration of the Arcadia Group, Debenhams' biggest
concession holder. There is no certainty that any transaction will
take place, particularly if discussions cannot be concluded swiftly
.
Ends.
Frasers Group Plc T. 0344 245 9200
Tom Piper, Company Secretary E. investor.relations@frasers.group
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