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Frasers Group Revives Rescue Talks for Debenhams

The Rivet 50 is calling for nominations for leaders in the denim industry in 5 categories: design, influencer, leadership, sustainability and supply chain. Nominations close on May 23.

Frasers Group’s Michael Ashley is hoping the third time’s the charm when it comes to bankrupt department store Debenhams. The British retail bigwig is again in talks to rescue the chain’s U.K. business from a likely liquidation. Ashley has had his sights on owning Debenhams for quite some time. He actually owned a 30 percent…

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