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LIBERTY GOES SHOPPING

Liberty, the iconic department store famed for its mock Tudor front, is on the hunt for a new investor to help fund its growth plans. The company, which is 68 per cent owned by MWB Group is expected to appoint advisers Cavendish Corporate Finance and Global Leisure Partners to seek out new backers to take over all or part of MWB’s stake. Liberty remains loss making, despite reporting strong sales.