JD Sports ends Debenhams takeover talks

JD Sports executive chairman Peter Cowgill

The future of struggling department store chain Debenhams is in doubt after Bury-based retail giant JD Sports Fashion Plc said on Tuesday it will not pursue a rescue takeover.

“JD Sports Fashion Plc … confirms that discussions with the administrators of Debenhams regarding a potential acquisition of the UK business have now been terminated,” said JD Sports.

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Dalriada Media LLC sites are edited by veteran news journalist Mark McSherry, a former staff editor and reporter with Reuters, Bloomberg and major newspapers including the South China Morning Post, London's Sunday Times and The Scotsman. McSherry's journalism has also appeared in The Washington Post, The Guardian, The Independent, The New York Times, London's Evening Standard and Forbes. McSherry is also a professor of journalism and communication arts in universities and colleges in New York City. Scottish-born McSherry has an MBA from the University of Edinburgh and a Certificate in Global Affairs from New York University.