UK: Struggling Department Chain Allders Back On The Market
Floundering UK department store chain Allders is on sale again less than two years after property group Minerva acquired it for £132 million.
Minerva, which is also on the market, said it has received interest from the current management team of Allders, which is headed by Terry Green, and a number of other suitors.
Since Minerva took over the chain, Allders has consistently struggled to make a profit.
Allders operates 45 stores, mostly in the south east of England.
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