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Store shares boost from Dubai; IN ASSOCIATION WITH Rensburg Sheppards.

AN INVESTMENT group run by retail entrepreneur Mickey Jagtiani snapped up a bigger slice of store chain Debenhams yesterday.

Shares in Debenhams rose 6% on takeover speculation after it emerged Dubai-based Milestone Resources had increased its holding to 9.1% from 8.4%.

Mr Jagtiani runs the Dubai-based business Landmark Group, which has more than 600 shops in India, Spain and the Middle East. It has also diversified into sectors such as leisure, hotels and electronics.

He is also thought to have ties with Icelandic investment group Baugur, which has a 13% stake in Debenhams.
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Title Annotation:Business
Publication:Daily Post (Liverpool, England)
Date:Jan 30, 2008
Words:95
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