Matalan Sale Plans On Hold

Summary


DISCOUNT retailer Matalan has put sale plans on hold as would-be buyers baulked at the pounds 1.5bn asking price.

Interest from a trio of private equity bidders failed to drum up a big enough offer for Matalan founder John Hargreaves, who has "closed down the potential sale process" for the business.

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Extract


Matalan Sale Plans On Hold

The news came as Travelport, the US owner of trave...

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