Revealed: Mike Ashley plotting takeover of Debenhams’ Irish arm

Debenhams seeking savings from €36 million staff costs

Debenhams flagship store on Henry Street: the chain cited rent pressure as a major headache Pic: Fergal Phillips
Mike Ashley plotting takeover of Debenhams Pic: Getty

Heatons, the Irish department store chain controlled by the controversial British tycoon Mike Ashley, is weighing up a potential bid forthe Irish wing of Debenhams.

Ashley is already a minor shareholder of Debenhams’ British parent, and is considering taking advantage of the financial difficulties of its Irish operation to ...