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Deal will end John Hargreaves’ control of value retailer he founded almost 40 years ago
John Hargreaves ends speculation he will walk away from UK discount retailer
UK value retailer has improved trading but needs to replace £350mn of debt by January
Recovery in full-price sales raises prospect for debt refinance of discount retailer
FRC’s call for reform of the sector could lead to a late goal
Full-price sales rise 3 per cent in 2nd quarter, weaker pound will add to difficulties
Non-profit warns over reputational damage and access to capital
Replacing £477m of bonds would leave insurance contracts on the retailer worthless
Group hopes to move into the development after 2016
Asda’s Andy Clarke and Tesco’s Phil Clarke both have big shoes to fill
International Edition