Debenhams is said to be considering a counter-bid for Beatties, one of Britains' oldest department store groups. Private equity- backed Debenhams is considering a counter-bid to HoF for the 12 store Beatties group. Early last week, HoF chief executive John Coleman announced his agreed move for Beatties as part of an ambitious expansion plan.

He paid £46 million for Edinburgh store Jenners in March. Debenhams, led by Rob Templeman,refused to comment, but a source close to the group confirmed 'it was seriously looking into it'.