One of Britain's richest men, who used to own Sale Sharks and Stockport County, has snapped up a £37m stake in Manchester-headquartered online retail and software giant THG.
Brian Kennedy, who is also known for working with the family of Madeleine McCann following her disappearance in 2007, has bought up almost 3 per cent of the group which includes brands such as Cult Beauty, Lookfantastic and Myprotein.
Mr Kennedy co-financed Tommy Lee Jones film The Homesman in 2014 and made his fortune from a number of companies including the double-glazing firm Everest. READ MORE: Join the FREE Manchester Evening News WhatsApp community Mr Kennedy had a fortune of £275m in 2019, according to the Sunday Times Rich List, and now chairs private equity firm Latium Enterprises.
The deal means that Mr Kennedy is the sixth largest shareholder in THG behind CEO Matthew Moulding, Sofina SA, Balderton Capital (UK), Qatar Investment Authority and Jupiter Asset Management.
Read more on manchestereveningnews.co.uk
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