By George MacDonald2019-12-02T07:36:00
The owner of health food specialist Holland & Barrett has been urged by lenders to provide additional cash as tough high street conditions bite.
Holland & Barrett’s billionaire owner Mikhail Fridman is under pressure to inject cash following a turndown in performance, The Sunday Times reported.
Concern was stoked by after a bondholder update last month by new Holland & Barrett boss Tony Buffin. Sources said that earnings of £104m at Holland & Barrett in its last financial year did not meet expectations and the retailer’s bonds were reported subsequently to be trading at 50p in the pound.
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