Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million
Deals·1 article across 1 outlet
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Wells Fargo & Co. and Barclays Plc provided as much as £85 million ($115 million) to Headlam Group Plc just months before the British flooring distributor appointed insolvency officials.
The financial support came shortly before Headlam's decision to seek insolvency, raising questions about the timing and implications of the funding.
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“Wells Fargo & Co. and Barclays Plc provided as much as £85 million ($115 million) to Headlam Group Plc just months before the British flooring distributor appointed insolvency officials.”
Bloomberg — Wells Fargo, Barclays Backed Collapsed Headlam With £85 Million