The independent ICG Board, which is backing the MBO offer, has told the stock exchange the group's share price "may" fall back if the bid fails. Oxy Capital, a 1.4% shareholder, meanwhile has issued a further statement urging shareholders to oppose the offer.
The luxury retailer arrived in Dundrum with huge ambitions and a spectacular opening party. Court filings now reveal a very different story: years of falling sales, mounting losses, and an Irish operation increasingly dependent on its UK parent for survival.
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