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Debenhams Warms to Ashley After Billionaire Steps Up Bid

Nordstrom, Greats, Target, Macy’s, Alibaba, Bonobos, Rhone, Spanx and more will be at Sourcing Summit NY Oct 17. Don't miss it.

Debenhams Plc cracked open the door to billionaire Mike Ashley for the first time, saying it’s considering his bid to increase control over the U.K. retailer and install himself as chief executive officer. The billionaire’s Sports Direct International Plc late Wednesday offered a loan of 150 million pounds ($199 million) to the troubled department-store chain…

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