Courts Management Plan Buyout of Stricken Chain

The Sunday Telegraph London (December 05, 2004)

Author: James Hall

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Summary

THE management of Courts, the furniture retailer that went into administration last week, is hatching a plan to buy all or part of the retailer's UK business.

Leo McKee, the chairman, and Alan Fort, the managing director of Courts' UK operations, are thought to be forming a consortium with private equity backers to salvage a business from the retailer's 88 stores which are currently being sold off by KPMG, the administrator of the retailer. Courts' overseas businesses are not in administration.

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Courts Management Plan Buyout of Stricken Chain

News that the management are looking to buy the...

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