PEP-nominated REDgroup directors step down ahead of possible DOCA or sale

19 April 2011 Books+Publishing

REDgroup Retail owners Pacific Equity Partners (PEP) has confirmed that its nominees to the board of directors at REDgroup have resigned 'with effect from 31 March 2011'. The statement follows the Weekly Book Newsletter's report last week that group chairman Steven Cain had also stepped down. PEP said the resignations were...