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Next nears joint bid for Arcadia
December 22, 2020
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British fashion retailer
Next
is in negotiations with hedge fund
Davidson Kempner Capital Management
to make a joint bid for bankrupt fashion group
Arcadia
, Sky News reported. The sale process for Arcadia, which is being run by
Deloitte
, is said to have also drawn interest from
Authentic Brands
,
Boohoo Group
and
Frasers Group
.
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