Article: Ethel Austin target.(Business)

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 ...

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