Matalan outlines timeframe for completion of sale
Embattled fashion retailer Matalan says it has received bids from a “number of interested parties” and expects to complete the sale process by the end of January.
The retailer added that a “comprehensive update to the market” will then be provided at that time.
As has been reported, there are at least two interested parties currently in the running for the business, including a 50-50 consortium led by Matalan founder John Hargreaves and Elliott Advisors, and a joint bid between Alteri and OpCapita.
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