A one-time London cabbie and hotel cleaner who now runs one of the most profitable retailers in the Middle East, has emerged as a possible contender in the £2bn battle for fashion chain New Look, reports the Sunday Times. Mahesh “Micky” Jagtiani, who runs the Dubai-based Landmark Group, is thought to be interested in buying the discount fashion retailer, in which he already holds a 3% stake.  Landmark Group also struck a regional franchise deal with New Look earlier this year to open 40 stores in the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman and Jordan.

This entry was posted by Helen Thomas on Monday, March 5th, 2007 at 4:56 and is filed under M&A. Tagged with landmark, new look. Edit this entry.