tyuiowerto
Cholerny Spammer
Joined: 27 Sep 2010
Posts: 148
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Location: England
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 Posted: Thu 20:42, 28 Oct 2010 Post subject: sold to Primesight in August last year |
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Titan's UK management team ,[link widoczny dla zalogowanych][link widoczny dla zalogowanych] has been considering a number of ghd strategic options for selling the business since last autumn, after it emerged that parent company TO Holdings was struggling to repay its significant global bank debt.
Options included a management buyout led by UK chief executive Jon Slatkin,[link widoczny dla zalogowanych], financial backing from private equity firms or takeover talks with trade competitors.
JCDecaux's [link widoczny dla zalogowanych] takeover offer gave the banks the highest recovery of the money owed ghd straighteners, and Titan today concluded the deal to sell its UK operation. It is thought Titan Outdoor made sales worth about ￡40m in 2009, excluding revenue from its roadside business, sold to Primesight in August last year.
A senior industry source [link widoczny dla zalogowanych] attributed Titan's demise to the legacy left by Maiden ghd flat iron, the outdoor firm bought by Titan in 2006, which overpaid for some of its major contracts.
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