BUSINESS AMALGAMATION.
* LONDN, Feb. 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 value. A similar tendency towards combination is observable in regard to retail stores, particularly West End drapery Rrms. Debenham’s recently absorbed Harvey’s and Nichols, together with Marshall and Snelgrove. The new company has a capital of eight millions. Harrod’s to-day provisionally arranged to purchase Swan and Edgar’s, m Piccadilly Circus, considered one of the finest sites in the world. Harrod’s and Selfridge’s recently acquired some of the largest retail stores m northern provincial cities.
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Bibliographic details
Wanganui Chronicle, Volume LXXVI, Issue 17789, 11 February 1920, Page 11
Word Count
106BUSINESS AMALGAMATION. Wanganui Chronicle, Volume LXXVI, Issue 17789, 11 February 1920, Page 11
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