Debenhams to deny bid for rival
Monday 28 June 1999
Both companies declined to comment yesterday on suggestions of a bid. On Friday, Storehouse shares closed up 19p at 131p amid rumours of Debenhams' interest. Debenhams has said it intends to grow from 90 stores to 120.
"We do not comment on market rumours or press speculation," said a Storehouse spokeswoman yesterday.
A statement from Debenhams saying it is not bidding for the group would not end the speculation surrounding the future of the business, however. The group has yet to appoint a chief executive following the resignation of Keith Edelman last month after the group posted a 21 per cent fall in annual profits.
Philip Green, who acquired Sears with the backing of the Barclay Brothers, is also thought to be interested in making a bid. Kingfisher, recently gazumped in its bid for Asda, the supermarket company, is another candidate.
"Everyone's pored over Storehouse," said an industry source yesterday. "I doubt it will be an independent entity in six months time."
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 1 Scottish independence results live - The reunited kingdom: Scotland gives a clear 'No' in historic referendum
- 2 iOS 8 is full of shiny new features - but it's terrible news for app developers
- 3 Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Scottish independence results live - The reunited kingdom: Scotland gives a clear 'No' in historic referendum
Iranian blogger found guilty of insulting Prophet Mohammad on Facebook sentenced to death
Scottish independence: YouGov final prediction puts No campaign 8 points ahead - but Yes team remains optimistic
Scottish independence: Tory revolt against 'devo max' grows as Rail Minister Claire Perry joins
Hitler’s former food taster reveals the horrors of the Wolf’s Lair
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...
Up to £90,000 + benefits: Saxton Leigh: Credit Risk Audit Manager required to ...