Blog: Mud-slinging at Matalan
Leonie Barrie | 5 July 2006
There’s been a lot of talk in recent years of mid-market retailers being squeezed by discounters at one end and upmarket brands at the other, but as those in the middle – like M&S – have got their acts together, so the competition at the bottom of the market has become considerably tougher. Just look at the saga of Matalan, which was once worth more than GBP3bn but is now struggling to keep up with the likes of Tesco and Primark and is currently embroiled in a boardroom battle with its founder. There’s not much to report yet from today’s annual meeting, but as long as John Hargreaves continues to dominate the headlines by either trying to sell his remaining stake in the company – or buy it back – then it looks like there are plenty more twists to come in this particular saga.
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