Retail Human Resources plc
Matalan boss gets £250m pay out
08 April 2010 09:31
John Hargreaves, the founder of Matalan, is to receive a £250 million dividend after successfully refinancing the firm. The company has raised £525 million from investors to refinance existing debt facilities and "finance a distribution to shareholders".
Mr Hargreaves tried to sell the business earlier this year but bidders were not prepared to pay the £1.5 billion asking price.
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