TRADE COMBINES.
AN INCREASING TENDENCY. SPINNING MILLS AND SHOPS. (Received 11.40 a.m.) LONDON, February 9. Business syndicates are steadily buying up Lancashire spinning mills, of which six, involving several millions sterling, were sold yesterday at an average of five times the original capital.
A similar tendency towards combination is observable in the retail stores, particularly in the West End drapery iirms. Dcbenhams recently absorbed Harvey, Nichols and Co., together with Marshall, Snelgrove and Co. 'Hie new company has a. capital of eight millions. Harrods to-day provisionally arranged to purchase Swan and Edgars in Piccadilly Circus, considered to he one of the finest sites in the world. Harrods and Selfridgcs recently acquired some of the largest retail stores in northern provincial cities.—(A. and N.Z. Cable.)
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Bibliographic details
Auckland Star, Volume LI, Issue 35, 10 February 1920, Page 5
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124TRADE COMBINES. Auckland Star, Volume LI, Issue 35, 10 February 1920, Page 5
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