Chorion seeks buyer after failing to ease debt

Written By: Lisa Campbell Publication Date: Mon, 05/09/2011 - 08:05 Buyers are being sought for Mr Men and Agatha Christie franchise owner Chorion after the company failed to renegotiate its banking arrangements to ease its £70m debt. The company breached its banking covenants earlier this year and has appointed DC Advisory Partners to handle the sale and break-up of the business. The Chorion chairman Lord Alli and deputy chairman William Astor have previously tendered their resignations as the company failed to restructure its debt burden. read more Continue reading at 'The Bookseller'

[ The Bookseller | 2011-09-05 00:00:00 UTC ]
News tagged with: #mr men #company failed #debt burden

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