tycoon

Bonmarche snubs £5.7m takeover bid by billionaire tycoon Philip Day

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Troubled fashion firm Bonmarche snubs £5.7m takeover bid by billionaire tycoon Philip Day claiming it ‘undervalues’ the 300-store chain Bonmarche has rejected a £5.7m takeover bid tabled by tycoon Philip Day It said it ‘materially undervalues’ the firm, which has a market value of £7.7m  Bonmarche also said today that it is embarking on a cost-cutting … Read more

Key investor turns his back on Sir Philip Green as the tycoon comes under fire over Arcadia pensions

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Sir Philip Green has lost the backing of one of his biggest investors as he embarks on a major-cost cutting drive across his retail empire. US private equity firm Leonard Green has ditched its 25 per cent stake in Topshop, seven years after it splashed out £350million on the investment, which valued the fashion chain … Read more