Evening Standard: Barclay brothers company in trouble

The Barclay-owned company Shop Direct Ltd. is in trouble. More than £57.7 million in the red last fiscal year, writes the ES.

The company, which owns Littlewoods, has never performed well. The Barclays acquired Littlewoods – another under-performer – in 2002 and inherited the billion pound claim against the HMRC.

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One comment

  1. […] It has been speculated that the money will be used to fill out the financial holes in their empire. Although most of their companies are ultimately owned by offshore companies, thereby making it impossible to access their records, there has surfaced reports that some of their companies registered in the UK are under-performing. […]

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