RE: State of Play24 Oct 2024 11:57
I am sure Kamanis will try their best to block it. EGOS. Especially when Frasers approached them on 18th October, meeting their NED for the offer. Kamanis would have started to work on a strategy to counter future offers since 18th Oct, knowing Frasers have 27% stake in the Business. The intention was clear from Umar's message on X that JL was going to go. Frasers will eat Next and Shien if today's become true. Frasers have retail space, presence, International exposer, cashflow and importantly Supply chain ( All ingredients ). Its a no brainer from Business point of view but Kamanis are Kamanis says it all looking at the last 3 years.