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Monday March 21st 2005
Floors 2 Go ends takeover talks
Archived article dated Monday March 21st 2005
Floors 2 Go talks ceased
No deal for expanding retailer
Floors 2 Go has ended takeover talks with a potential buyer of the expanding business.
The UK's leading specialist retailer of laminate and wooden flooring said talks have now ceased regarding a possible offer for the company as it has been unable to reach an agreement on a price that it believes "reflects the true value of the business".
The company said in December it had been approached by a private equity firm interested in acquiring the business. One newspaper report named the potential buyer as Apax Partners, the acquisitive private fund which is courting Woolworths and has just agreed a deal to buy Hit Entertainment.Floors 2 Go has 125 outlets including concessions and said earlier this month that its expansion plans remain on track despite the current consumer downturn affecting the UK retail sector.
Tagged as: Floors 2 Go
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