• HOME RUN: For most in Europe, the steamy month of August is more about sun and sand than work. But Spain’s fast-fashion giant, Zara, has been busy over the past few weeks, rolling out its first eight Zara Home units across the country, including Barcelona, Bilbao and Madrid. The new concept sells house goods and home fabrics at cheap-chic prices, including linens, blankets and curtains, candles, glassware and cutlery. By the end of the year, Zara, part of the Inditex retail empire, hopes to operate 20 Zara Home units in Spain and Portugal. Other countries will ultimately be targeted for the new concept, according to a spokeswoman.

  • NO RUSH AT DEBENHAMS: Laragrove Ltd., the investment vehicle formed by Permira for the acquisition of Debenhams plc, said in a statement Wednesday it had received approximately 2.22 percent of the existing issued share capital of the department store chain. Tuesday was the first closing date, and Laragrove added the offer deadline would be extended to 3 p.m. on Sept. 9. As reported last week, shareholders are waiting for a bid to rival Permira’s offer of approximately $6.93 a share, which values Debenhams at $2.5 billion. CVC Capital Partners and Texas Pacific Group are still conducting due diligence on Debenhams, and have until Sept. 30 to say whether they will proceed with an offer. A spokesman for TPG declined to comment on the progress of the due diligence. Industry sources, however, said TPG was taking its time on the research and was in no rush to make an offer. A spokeswoman for Debenhams declined to comment.

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