U.K. retail property group Kandahar considers a sale, restructuring

U.K. Carphone Warehouse co-founder David Ross is getting ready to break up his retail property holdings. He has retained Jones Lang LaSalle as strategic adviser to weigh the options for the Kandahar Group, which includes a sale of the entire group or a restructuring. A decision about which direction the company will take will be made shortly. The company breached the covenants on its facility with the Bank of Scotland last year.

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