I'm sure this has been raked over a million times, but...

"By 1992, Evans had amassed enough wealth from his renamed The Hospitality Group (THG) to embark on a new career as a white knight. That year, says the Daily Mail, he reversed part of his exhibition group into publicly-listed Castle Mill International, a “hapless” clothing and gifts company. Hopes were high that Evans would rejuvenate it; but within a year he sold out, repurchasing his original exhibitions company for £1. There was equal optimism two years later when Evans bought into another listed firm, ailing consumer electronics group Ross, and became chief executive. Again, there was talk of him reversing THG into the business. That came to nothing, nor did the “bombed out” Ross Group, despite a major streamlining, says The Guardian. In 1999, Evans was toppled in a shareholder coup. In 2000, he resigned all his UK-based directorships."

They're welcome to him.

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Posted By: yarmyyarmy on November 2nd 2007 at 11:06:17

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