Phones4U boss Caudwell sells up

[Setarime]

The founder of the Phones4U mobile phone business, John Caudwell, has agreed to sell his business to two private equity investors for £1.46bn.
Doughty Hanson and Providence Equity Partners will buy Caudwell Holdings, which includes the Phones4U chain.

Mr Caudwell founded the group in 1987 and will get £1.24bn for his 85% stake when the deal is completed next month.

A nice tidy little sum of money for Mr Caudwell, wonder how many houses, yachts etc he will buy for that!!!!!!

[Arwen]

OMG well that puts him in the top 10 of the richest men,as haggis basher says what the hell is he going to do with all that? who knows but the one thing i do know he is going to have a very good time, i would

Yes its a shame he doesn't pass on some of the profits that he is making to some of the consumers that helped him make it.

[Setarime]

Imagine the shoes and handbags u could buy with that kat

[stubacca68]

well all i will say is well done him! he worked hard, foud a niche and exploited it, made his money and will run now! fair play!

[TGLucario]

hmm thats a lot of £££$$$€€€ man i wonder what he's gonna do with it