Financial growth could be 10% supported by a growing market and overlapping customer demographics in their brands

Frasers Group positively negotiates Debenhams purchase

Debenhams collapsed in administration for the second time in a year in April, falling into the hands of its creditors, including Silver Point and GoldenTree hedge funds

Mike Ashley's Frasers Group has revived its efforts to buy the Debenhams network of department shops with the aim of further increasing a street empire that already includes companies such as Sports Direct, House of Fraser, Jack Wills and Evans Cycles. 

Mike Ashley's retail group has made an enhanced bid while an auction process is being finalised by Lazard, according to a report in The Times.

Debenhams' latest collapse in management occurred in April, and department shop retail was again subject to Frasers' acquisition interests.

Liberum, the brokerage house, said in a statement that Frasers is evolving into a diversified 'brand house'.