MFI, the struggling
furniture retailer, MFI is understood to be urgently trying to secure new terms
with its landlords before its quarterly rent bill just as it starts seeking
A source familiar with the talks told The Times
Partners (MEP), the private equity group which bought MFI for a nominal £1
two years ago, wished to change some of the leases on MFI stores to pay rents on
a monthly basis.
‘All I can say is that Merchant Equity Partners is continuing to review
strategic options for the business,’ a company spokesman said.
MFI brought in corporate restructuring expert Kroll Talbot Hughes two months
ago and MEP maintained at the time Kroll had been hired to boost the retailer’s
‘under-resourced finance function’.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016