TJ Hughes’ deal to pay off MBO debt

23 January 2004

New owner PPM Ventures, the venture capitalist armof Prudential, and the management team led by chief executive George Foster, have sold the freehold of Hughes House, the group’s 207,000 sq ft (19,230 sq m) headquarters, and the adjoining store in London Road, Liverpool, to Dawnay Day for £11.6m.

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