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Wednesday, January 09, 2008

Select Retail saved by mystery Turkish backer - Times Online

"Select Retail saved by mystery Turkish backer
A Turkish investor has injected £13m into securing 1,800 jobs and pulling the fashion chain from brink of collapse

Select Retail, the women’s fashion chain, has been saved from the brink of collapse in a lifesaving deal that secures the jobs of more than 1,800 staff.

Nigel Fisher, the founder and managing director, told Times Online this morning that a Turkish investor had taken a 70 per cent stake in the business for £13 million. "

More:Select Retail saved by mystery Turkish backer - Times Online