Shop Direct given £75m funding lifeline by billionaire owners the Barclay brothers
The group responsible for Littlewoods and Very.co.uk has secured a £75m equity injection from its billionaire owners, as it looks to cover a hefty payment protection insurance (PPI) bill.
Shop Direct has secured the funding lifeline from the Barclay brothers after auditors warned last month it could collapse unless it secured an extra £150m to meet soaring costs of PPI mis-selling claims, PA…
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