Principles and Warehouse 'on brink of sale'

Fashion chains Principles and Warehouse are on the brink of a sale that will land their owners a £130m (€187.8m) pay-day, it was reported today.

Principles and Warehouse 'on brink of sale'
Wed, 02 Feb, 2005 - 13:42

Fashion chains Principles and Warehouse are on the brink of a sale that will land their owners a £130m (€187.8m) pay-day, it was reported today.

Rubicon, which bought the high street retailers from Top Shop group Arcadia three years ago, was said by The Daily Telegraph to be close to finalising a deal with Pied a Terre and Nine West owner Shoe Studio.

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