Matalan gets a 1.5bn price tag
MATALAN, the discount out-of-town retailer, has held several talks with its advisers in recent weeks about the potential sale of the business.
While a sale is not imminent, observers believe that the business could fetch around £1.5bn.
Matalan was taken private three years ago by its founder John Hargreaves in a £827m deal, backed by £410m.
The retailer said it had lifted earnings by 6.3 per cent to £145.1m in the 12 months to 28 February as cash- strapped shoppers were tempted by cut price clothing.