Phase Eight reassures staff it will invest after refinancing criticism | News | Retail Week UAT

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Phase Eight reassures staff it will invest after refinancing criticism

By Tiffany Holland2014-01-02T15:43:00

Phase Eight has rebuffed reports that its private equity owner has refinanced to pocket a multimillion-pound payout by reassuring staff that the money will be used to reinvest in the business.

Phase Eight has moved to reassure staff after a report emerged last week claiming that its owner had refinanced in order to pocket a payout.