Fortnum & Mason, London’s high class food store, has announced a one-for-eight rights issue at 500p a share.. The move is expected to raise £5.1m which the retailer intends using to finance expansion into the property adjoining its existing Piccadilly store. The store is buying and developing the premises at the cost of £11.7m.
- Daily Telegraph 13/09/96 page 33.
- Financial Times 13/09/96 page 26.
- Guardian 13/09/96 page 17.
