A BIDDING war is set to break out for Debenhams after the stores group confirmed it has received a second takeover offer, writes Robert Lea.
The new bid is understood to be from venture capital firms CVC and Texas Pacific, while a pounds 1.5billion management buyout bid is being backed by another venture capital firm, Permira. Debenhams shares rose 18p to 420p today.
See Business: Page 29
