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Article: 'No hostile agenda' in pounds 20m Ethel Austin deal.(Business)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- March 6, 2007
CopyrightCOPYRIGHT 2007 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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Byline: BY SOPHIE FREEMAN Daily Post Business Staff
THE chief executive of Ethel Austin said yesterday he does not think the investment bank that has taken a multi-million stake in the chain has a hostile agenda.
Simon Cooper, who has been head of the Knowsley-based discount retailer since November, 2005, said he has only had "positive" meetings with Credit Suisse, which has acquired pounds 20m of Ethel Austin's debt from Barclays at a knock-down price.
Mr Cooper said: "We've had positive meetings with Credit Suisse. I don't know quite what their agenda is, but it's not a hostile agenda." Weekend newspaper reports suggested that Credit Suisse ...