Buyers circle as Palmer Harvey & McLane intellectual property asset sale deadline nears


 

Buyers are circling Palmer & Harvey’s intellectual property (IP) assets, which includes its corporate brand, ahead of today’s deadline for offers (7 February). Palmer & Harvey, which delivered goods to 90,000 grocery and convenience stores, including Tesco, Sainsbury’s and the Costcutter chain, called in administrators in November, after running up debts of more than £700m. The sale, which is being conducted by IP firm Metis Partners, on the instructions of administrators PricewaterhouseCoopers, is targeted at distribution, wholesale, retail, supply chain […]