A different banking market
Tuesday, September 30th, 2008
At the beginning of 2007 retailers had just enjoyed a much better than expected Christmas and many banks were prepared to commit large sums of money to highly leveraged retail transactions. As a consequence prices being paid by venture capitalists (VC) were high.
By the second half of 2007 the picture looked very different as the credit crunch developed. With a reduction in institutional liquidity in the leveraged finance markets the volume of transactions supported by banks fell, especially at the higher end of the market.
(more…)
Foundation. Fairtrade products retailed for an estimated £493 million in 2007, a staggering 81 per cent increase on sales in 2006 of £273 million across all retail sectors.