MFI store sold for £1

Struggling furniture chain MFI was today given shareholder backing for the sale of its 200 stores for just £1.

Mon, 16 Oct, 2006 - 16:34

Struggling furniture chain MFI was today given shareholder backing for the sale of its 200 stores for just £1.

More than 99% of shareholders voted in favour of the sale of its loss-making retail arm to private equity firm Merchant Equity Partners for the nominal fee.

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