Any other business - 08/11

FARLOWS, the fishing and shooting equipment emporium on Pall Mall, has been rescued by a Russian with a particular passion for salmon.

The shop and online retailer has been snapped up for several million pounds, including the repayment of its debts, by a group led by Vladimir Rybalchenko, who already has a deal to use the Farlows name on his fishing store in St Petersburg.

The 173-year-old Royal Warrant holding firm said its new investor will help tackle long-standing funding issues and line up the brand for the expansion it has spent years angling for. “[W]e will be looking closely at the sporting agency and international travel sector,” said Rybalchenko of his latest catch.