Billionaire on the way to de-listing embattled Bon Marché

Billionaire Philip Day is on track to de-list Wakefield-headquartered embattled retailer Bonmarché after its last largest investor sold its stake.
Fund manager Artemis sold its 12% stake in the retailer to Spectre, the Dubai-based holding company owned by Day, according to City AM. The transaction brings Day’s stake up to 82.96%. He needs more than 75% needed to take the company private. Spectre made a mandatory cash offer for the listed retailer of £3m in Ap... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...