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Birmingham Post
Birmingham Post
Business
Jon Robinson

Lenders agree to takeover of fashion chain Matalan

Matalan John Hargreaves

A deal to take over fashion retailer Matalan and end founder John Hargreaves’ control has been agreed.

Lenders for the Liverpool-headquartered company are to take ownership of the chain in a recapitalisation process.

The group, led by Invesco, Man GLG, Napier Park and Tresidor, have sealed the process after Matalan launched a sales process in September.

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