Essential reading for retailers and suppliers in the home improvement market

Focus DIY deal given go-ahead

Published: 25 July 2007
The European Commission has cleared the way for US hedge fund, Cerberus, to acquire struggling diy chain, Focus.
It has been given the all-clear to buy the company and the deal will now be completed by the end of this month.

Hilco, a turnaround advisory company which specialises in retail, is to help Cerberus with its plans to revitalise the business.

Focus, which has been burdened with debt, had employed N M Rothschild to sell the company earlier this year after failing to reach a debt restructuring deal with its debtors.

Cerberus has already appointed former Wickes saviours, Bill Grimsey as chief executive and Bill Hoskins as finance director.

Comments


(Your email address will not be published)
4 + 6 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories