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Mone buys out bra investors



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BRA tycoon Michelle Mone has bought out investors Sir Tom Hunter and Ian Grabiner at Ultimo manufacturer MFM in an £800,000 deal.
They had invested in Mone's lingerie company Ultimo when the business nearly collapsed after its launch in 1999.

The firm has prospered and both are said to have made a good return on their investment.

Sir Tom is understood to have received £640,000 and Mr Grabiner, chief operating officer of Arcadia, got £160,000. Mone recently signed the former Spice Girl Melanie Brown as the new face of Ultimo.





The full article contains 98 words and appears in Edinburgh Evening News newspaper.
Page 1 of 1

  • Last Updated: 07 July 2008 11:56 AM
  • Source: Edinburgh Evening News
  • Location: Edinburgh
 
1

gus1940,

Edinburgh 07/07/2008 17:25:47
The media seem to be obsessed with this woman - giving prominent coverage to every contrived PR release.
2

Paraclete,

Edinburgh 07/07/2008 20:37:28
I agree gus1940, she also made it known if the SNP got into power in Scotland she would move out the country !!

 

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