Sir Philip Green has had to put a further £2 million behind a disastrous investment in Mysale.
The online website revealed yesterday that Shelton Capital, the retail tycoon’s family investment vehicle, had taken part in an urgent cash-call to raise £10 million to reduce the company’s debt as it overhauls its strategy to focus on the Australian market. Shelton has bought a further 110 million shares to maintain ownership of a fifth of the business.
Sir Philip Green has had to put a further £2 million behind a disastrous investment in Mysale.
The online website revealed yesterday that Shelton Capital, the retail tycoon’s family investment vehicle, had taken part in an urgent cash-call to raise £10 million to reduce the company’s debt as it overhauls its strategy to focus on the Australian market. Shelton has bought a further 110 million shares to maintain ownership of a fifth of the business.
Click here to read the full article (£)
