The Sunday Times has reported that the private equity arm of
Lloyds, the state-backed bank, is the frontrunner to snap up a stake in
multichannel retailer Joules, which will trigger a multimillion-pound windfall
for owner Tom Joule. Lloyds Development Capital is understood to be heading a
handful of bidders that also include L Capital, the private-equity arm of
luxury-goods firm LVMH, and Graphite Capital.
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