Former Somerfield chief executive Alan Smith could be in line to head up high street hardware chain Robert Dyas.
The Financial Times reported that Change Capital, a private equity firm set up last year by Marks and Spencer chairman Luc Vandevelde, is close to buying Robert Dyas for about £60m.
The FT said Smith, ousted as chief executive of Somerfield 18 months ago, could be its new head.
The Financial Times reported that Change Capital, a private equity firm set up last year by Marks and Spencer chairman Luc Vandevelde, is close to buying Robert Dyas for about £60m.
The FT said Smith, ousted as chief executive of Somerfield 18 months ago, could be its new head.
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