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in a curious twist, it turns out that the Brexit Party candidate for the Peterborough by-election - Mike Greene - is a former business partner of Greybull Capital, the private equity group which let British Steel collapse into administration a few weeks ago
Greene and Grebull teamed up to buy 140 "M Local" shops from Morrison's in 2015 for £25m, rebranding them as "My Local".
The company went into administration in 2016 despite the group’s attempts to turn around the business, with the loss of more than 1,200 employees.
The company went into administration in 2016 despite the group’s attempts to turn around the business, with the loss of more than 1,200 employees.
Greybull Capital is now the subject of scrutiny given its track record: it has been involved in the failure of British Steel, the collapse of Monarch Airlines and the administration of retailer Comet.
Anyway: small world etc
Anyway: small world etc
fascinating confluence of two current news stories
weirdly I’ve just noticed this Guardian story from earlier:
“The Brexit party has announced its first policy beyond leaving the EU: saving British Steel by turning it into a “John Lewis-style” company part-owned by the workers.”
theguardian.com/politics/2019/…
“The Brexit party has announced its first policy beyond leaving the EU: saving British Steel by turning it into a “John Lewis-style” company part-owned by the workers.”
theguardian.com/politics/2019/…
