Matalan founder Hargreaves tables last-ditch bid to retain control
Hargreaves has joined forces with the private equity arm of Elliott Advisors on a 50-50 bid for the fashion retailer.
The 78-year-old’s rescue bid is one of four offers on the table. According to The Sunday Times, the other parties understood to have made firm offers are Matalan’s senior lenders and the turnaround firms Alteri and OpCapita.
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