At least six investment banks have pitched to float
Wiggle, which could put a price tag of £200
million on the bicycle and tri-sports retailer. “A
shortlist of potential trade and private equity buyers are
expected to receive a memorandum containing confidential
information about the retailer within days,” reports the
Telegraph.
As New Look prepares to announce another slump
in trading this week, “so-called ‘vulture funds’” are
believed to be looking to buy some of its £680 million
Payment in Kind (PIK) debts, writes the Telegraph.
Electronic components distributor
Electrocomponents reported a revenue growth of
11 percent year-on-year in the first half. International business
grew by 14 percent and the UK by 5 percent. Ecommerce revenue
grew by some 27 percent and now represents 54 percent of group
sales. During the half-year, Electros completed a bank
refinancing with a £210 million multicurrency committed bank
facility obtained from a group of seven banks replacing the
existing main facility.
Gifts and gadgets etailer Firebox is relocating
from Streatham, south London, to new headquarters in Shoreditch,
east London-an area dubbed Silicon Roundabout.
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