Chinese giant eyes deal for British high-street star Currys - report

Currys had already rejected an initial offer from Elliott Advisors which it believed ‘significantly undervalued’ the retailer

British retailer Currys has rejected an offer from Elliot Advisors. Picture: Bloomberg, the Chinese retail giant, is reportedly weighing a deal for Currys, the British retailer, as it looks for new growth areas in the face of growing competition in its domestic market. has held informal, exploratory talks in recent weeks with Currys, according to a report in the Daily Telegraph citing sources it didn’t identify.

The bid was 32 per cent higher than Friday’s closing price of 47.1 pence and would have valued Currys ...