Frasers Group is in talks to buy two UK shopping centres in deals worth £100mln, according to reports.
The Retail Bulletin, which cites a report from The Times, suggests Mike Ashley’s group is in the final stage of talks to purchase The Mall in Luton and the Overgate Centre in Dundee.
Ashley is said to be haggling over the prices, £70mln for The Mall and £30mln for Overgate Centre.
The report from The Times also suggested that Frasers is planning to turn a former Debenhams store to occupy its many brands.
Frasers has been on a buying spree in recent years in an effort to diversify its portfolio, hoovering up high-end brands such as Flannels, suit maker Gieves & Hawkes and building stakes in ASOS and Hugo Boss.
Should the deals go through, it will be the first time Frasers has taken control of a shopping centre.