Frasers’ empire-building has come to a temporary halt with news the group has failed in its bid to buy Peacocks out of administration. And group head Mike Ashely has called on MPs to investigate the sale.
Confusion over Bonmarché’s inclusion in the rescue deal that saved most Edinburgh Woollen Mill and Ponden Home stores and jobs has been cleared up with news on Thursday that Bonmarché has also been sold to Purepay.
M&S is reportedly close to a deal to buy Jaeger, which is part of Philip Day’s failed Edinburgh Woollen Mill Group. But while it’s believed to be taking on the brand and its stock, the stores aren’t part of the deal.