Peter Morris, the former chief executive of Coffee Republic, is lining up an estimated £100m bid for the franchise to run the Walt Disney retail stores in Britain and Europe.
Morris is spearheading a consortium backed with private equity which is thought to be bidding against a syndicate led by P.Y. Gerbeau.
Both are carrying out due diligence on 46 continental stores and 60 in the UK.
References: The Times Business 20/03/04 page 56
