South Yorkshire electronics retailer Maplin sold for £85m

John Cleland

John Cleland

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Rotherham-based high street electronics retailer Maplin has been sold for £85m

The firm, which has 210 shops and 2,500 staff across the country, was snapped up by private equity firm Rutland Partners.

It was sold by private equity firm Montagu, which has made substantial losses after it paid £224m for the outfit in 2004.

 

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