Landmark Group has ruled itself out of bidding for Debenhams.
Milestone Resources, the investment vehicle of Landmark chief executive Mahesh Jagtiani, increased its stake in Debenhams to 9% this week. Landmark said the investment was “opportunistic”.
Meanwhile, rumours that US group Best Buy could be interested in bidding 400p-420p a share for Carphone Warehouse, did the rounds. Best Buy would be interested in the UK sites, which are substantially smaller than its own US outlets.
01/02/08 Daily Telegraph B2, B78
Guardian 34
Independent 60
