Management at Topps Tiles say they are fighting off a bid by its biggest shareholder to take greater control of the business.
Austrian investment firm MS Galleon GmbH wants to remove chairman Darren Shapland and bring in two members of its own team as non-executive directors. The changes have been put forward as resolutions at the Topps AGM on January 18.
In recent months Topps, which has its head offices in Leicestershire, has inched closer to a 20 per cent share of the UK market after a second record year for growth which saw sales hits £247 million. It has 304 stores.
