# Frasers Group confirms negotiations with the administrators of Debenhams

- Link: https://www.directorstalkinterviews.com/frasers-group-confirms-negotiations-with-the-administrators-of-debenhams/412945772
- Published: 2020-12-07T07:48:59+00:00
- Author: Giles

**Frase[rs Group Plc](https://www.directorstalkinterviews.com/ftse-company/rs-group/rs1.l)**(
LON:FRAS) has today confirmed 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.

Frasers Group currently owns brands such as Flannels, an exceptional curation of
the latest men’s and women’s luxury designer clothing and accessories, Sports Direct,
an unrivalled collection of the highest quality sports/lifestyle apparel and accessories,
USC, a company that celebrates colourful individuality through one shared spirit.
From coastal roots in the town of Salcombe, Jack Wills a heritage fashion and lifestyle
brand. Game the UK’s leading games retailer with great deals on consoles, accessories
and the latest pre-orders and Evans Cycles the UK’s leading specialist bike shop.

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