House of Fraser and Debenhams merger on the cards?


A non-executive director of Sports Direct has revealed that the board has discussed the possibility of combining the House of Fraser department store business with the struggling Debenhams.

Simon Bentley, however, later clarified saying: “I was asked a general question about whether or not we discuss our strategic investments, and in particular Debenhams, to which I replied in the positive.

“I made no mention of any merger between House of Fraser and Debenhams, nor did I intend my answer to infer that.”

Billionaire Mike Ashley’s Sports Direct has recently bought House of Fraser out of administration for £90m ($117m).