Barclay brothers weigh up Littlewoods offers

Power, Helen
February 2005
Lawyer;2/21/2005, Vol. 19 Issue 7, p8
Trade Publication
This article reports that the law firm Lovells' clients, Barclay Bros., got on the retail merry-go-round with a review of the future of their Littlewoods retail chain. Barclay received at least two unsolicited offers for Littlewoods in late January. However, according to press reports, Barclay has yet to decide conclusively whether or not to sell the business which the company bought in 2002. One of them is believed to be from U.S.-owned retail giant Asda, advised by the law firm Slaughter & May. Asda, which is owned by the U.S. giant Wal-Mart Stores Inc., has used Slaughter since the retailer was taken over in 2002.


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