Jim Pickard @PickardJE Chief Political Correspondent, Financial Times Jun. 04, 2019 1 min read

in a curious twist, it turns out that the Brexit Party candidate for the Peterborough by-election - Mike Greene - is a former business partner of Greybull Capital, the private equity group which let British Steel collapse into administration a few weeks ago

Greene and Grebull teamed up to buy 140 "M Local" shops from Morrison's in 2015 for £25m, rebranding them as "My Local".

The company went into administration in 2016 despite the group’s attempts to turn around the business, with the loss of more than 1,200 employees.

Greybull Capital is now the subject of scrutiny given its track record: it has been involved in the failure of British Steel, the collapse of Monarch Airlines and the administration of retailer Comet.

Anyway: small world etc


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