Peter Cowgill and Mike Ashley are now both reportedly in a race to acquire the shoe retailer Office, the news comes only days after they clashed over the controversial decision that JD Sports was to sell Footasylum.
Ashley, the boss at Fraser Group and Cowgill, JD Sports’ executive chairman are amongst a multitude of bidders, hoping to land the purchase of the retailer Office. Truworths International, the current owner of Office are now actively considering if it should retake control of parts of the company.
At the time of this article, it remains unclear as to if the interest shown by Ashley on Friday is being expressed either through a private investment, which would be made by himself or through Frasers Group.
Meanwhile, amidst the uncertainty of the future for Office, Frasers Group shareholders have previously expressed concerns over Ashley’s buying spree – which has in the past included Evans Cycles, Game Digital, House of Fraser, Jack Wills and Sofa.com.
Frasers Group share price has dropped more than ten percent, during the past year. The market value currently stands at just £1.3 billion.
