Image: Next is thought to be among a small number of bidders exploring a takeover
Under the plans being discussed by Next and Davidson Kempner, the US-based firm would provide the majority of the funding required to complete a takeover.
Davidson Kempner would probably own the majority of the business after any deal. Advertisement
A sale process being run by Deloitte, Arcadia s administrator, has drawn interest from bidders including Mike Ashley s Frasers Group, Authentic Brands - the American owner of department store Barneys - and Boohoo Group, the online fashion retailer.
Insiders said that Next could yet decide not to table an offer for Arcadia, and pointed out that the company run by Lord Wolfson had also been holding talks with other financing partners.
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British retailer Next, U S investor in talks on joint bid for Arcadia - Sky News
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Next and US investor in talks about Arcadia bid
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Investegate |Davidson Kempner Capital Manag Announcements | Davidson Kempner Capital Manag: Davidson Kempner Capital Management LP : Form 8 3
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