fatcats

How private equity fat-cats triggered Debenhams’ downfall

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Debenhams was doomed long before the coronavirus pandemic struck, experts have claimed, with the retail chain never recovering after being bought and sold by fat-cats who stripped its assets and collected over £1 billion in dividends.  The department store collapsed yesterday and will be liquidated in the New Year after rescue talks with JD Sport fell … Read more

ALISON BOSHOFF asks why fatcats worth millions want taxpayers to cover staff wages during lockdown

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Can it ever be right for a multi-millionaire to ask taxpayers to stump up for their staff’s salaries? With Prince Charles not asking for help from the Government’s coronavirus furlough scheme — but Victoria Beckham among those taking it — it’s the question sparking furious debate. Many are asking why the taxpayer should pick up … Read more