UK: Hobbs private equity owner writes down value
Private equity firm 3i has written down the value of its investment in women's wear retailer Hobbs by GBP14m (US$22.9m), blaming weak trading during the Christmas period.
Private equity firm 3i has written down the value of its investment in women's wear retailer Hobbs by GBP14m (US$22.9m), blaming weak trading during the Christmas period.