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Article: Ethel Austin target.(Business)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- May 24, 2004
CopyrightCOPYRIGHT 2004 MGN Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KIRKBY-based retailer Ethel Austin is in talks with venture capital firms HG Capital and ABN Amro while Apax Partners is thought to be ruled out of an offer.
It is understood that the firm has been valued at pounds 150m. Turnover last year was pounds 138m.
The company is in the middle of a strategic review by consultants PWC and it is thought they will recommend a venture capital sale.
Two years ago, Lloyds Development ...