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Business

Philip Day seeks valuation of Peacocks

Retail tycoon Philip Day is reportedly launching a valuation process for discount retail chain Peacocks. The Sunday Times reported that Day appointed advisory firm FRP to find potential buyers for Peacocks and Edinburgh Woollen Mill, though sources close to the matter have stressed the process is merely a valuation and only concerns Peacocks. If...

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Business

After poor Q1, Bonmarché urges shareholders to accept Philip Day's offer

After poor trading in the first quarter of the new financial year, Bonmarché Holdings Plc has asked the company’s shareholders to accept mandatory cash offer of 11.445 pence per share from Spectre Holdings Limited. The company said in a statement that first quarter was challenging primarily due to continued weakness in the underlying clothing...

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