High retail failures expose
murky role of pro advisers
Vulture capitalists e.g. Hilco, Aurelius, Cerebus, Better Capital and Sycamore Partners have been responsible for asset stripping leading resellers in the business supply market over the past 10 years. Recent failures in the UK involving Wilko, backed by Hilco and advised by PwC, have drawn attention to the dodgy collaborations. The Times' Oliver Shah analyses and comments...
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