The return of the former Kaupthing dealmaker and pants on fire...

Monday, 13 November 2017, 7:54 am

Below is a link to Andrew Lynch's Prufrock column in The Sunday Times business section.

https://www.thetimes.co.uk/edition/business/carney-makes-case-for-capitalism-83l87t8m0

It does a rather good job of sticking it to Ben Barnett - the chief executive of Foschini's UK brands, such as Phase Eight and Whistles - who berated the intrepid Dan Dunkley for breaking the news about his company's interest in buying Hobbs in July this year.

Barnett told The Sunday Times that Dan's scoopette was "out of date tat". Yes, that's the same Ben Barnett who used to work as a investment director at Kaupthing.

Remember Kaupthing? In case you don't, let Betaville remind you: it was the Icelandic "investment bank" that blew up during the financial crisis of 2008/9 after it had done a load of retail deals, such as, funnily enough, the acquisition of Phase Eight.

Anyway, Foschini announced last week that it had bought Hobbs. Enough said!..

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