Initially in 1993 a minority stake was given to investors to fund acquisitions and to allow Karrimor to consolidate its strong market position, but by 1996 these acquisitions were themselves placing the company into "desperate" financial difficulty.
Initially in 1993 a minority stake was given to investors. This was to fund acquisitions and to allow Karrimor to consolidate its strong market position. These acquisitions were themselves placing the company into "desperate" financial difficulty. This was by 1996.