shevtheblue
Well-Known Member
They said they were looking to get into the Indian and Chinese markets, don't know about China but India is a huge market nowadays for Western chains.They were bought via a leveraged buyout out by a Chinese venture capital group. Like the Glazers, thy borrowed the money to buy the company then loaded that debt onto the target company. They then extract a load of money from the company and leave a bankrupt shell that can't carry on trading.
As it happens, PE in the UK seems to be profitable so may be split off from the international operation.