Revealed: Mike Ashley plotting takeover of Debenhams’ Irish arm

Debenhams seeking savings from €36 million staff costs

12th June, 2016
Debenhams flagship store on Henry Street: the chain cited rent pressure as a major headache Pic: Fergal Phillips

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

Debenhams recently placed its 11 Irish stores into examinership, putting 2,265 jobs at risk.

This followed the failure of rent negotiations with its landlords, including the Roche family that once owned Roches Stores, and meant that the Irish operation was effectively up for sale.

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