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’.
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