REG - Frasers Group PLC - Statement re: Debenhams

FrasersAnnouncement

07/12/2020 07:00

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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