Sir Philip Green rumoured to be shopping for M&S

Speculation has surfaced that Sir Philip Green, who has sold a 25 per cent stake in his Topshop and Topman chain for 500m pounds to a US private equity outfit, is lining up a bid for Marks & Spencer, whose shares were up in midday trade.

Speculation has surfaced that Sir Philip Green, who has sold a 25 per cent stake in his Topshop and Topman chain for 500m pounds to a US private equity outfit, is lining up a bid for Marks & Spencer, whose shares were up in midday trade.

Rik Thakrar, risk manager and senior dealer at Spread Co said: "It is no secret that Sir Philip has long coveted Marks & Spencer, and has wanted to bring his expertise to restore the blue-blooded retailer to former glories.

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