The DIY chain Focus may be about to sell off some of their stores to generate funds for further investment.
The chain was bought by Cerberus for £1 in 2007, and they have recently employed investment bankers from Lazard to do a business review. Cerberus owns equity and debt in Focus of £230 million who made a loss of £11.7 million last year. It is estimated that it would take another £40 million to turn the business around.
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