TRADE COMBINES
BIG MOVEMENT- IN ENGLAND
SPINNING MILLS AND RETAIL
STORES.
(UNITED PRESS ASSOCIATION—COPimaai.I
(AUSTRALIAN - HEW , ZEALAND CAULS ASSOCIATION.)
(Received February 10, 10 a.m.)
'LONDON, 7th February. Business syndicates are steadily buying up Lancashire spinning mills, of which six, involving several million • pounds, were sold yesterday at an average of five, times the original capital. A similar tendency towards combination is observable in retail stores, particularly in West End drapery firms. Debenham's, Ltd., recently absorbed Harvey and Nichols, together with Marshall and Snelgrove, forming a new company with a capital of eight million pounds. Harrod's to-day provisionally arranged to pin-chase Swan and Edgar's, whose place in Piccadilly Circus Is considered one of the finest sites in the world. Harrod's and Solfridge's recently acquired some of the largest retail' stores in the northern provincial cities.
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Bibliographic details
Evening Post, Volume XCIX, Issue 34, 10 February 1920, Page 5
Word Count
134TRADE COMBINES Evening Post, Volume XCIX, Issue 34, 10 February 1920, Page 5
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