May 9, 2007 • 1 min read

Beggars negotiating to buy into Rough Trade

Music Week reports the Beggars Group is looking into buying Sanctuary Group's 49% stake in Rough Trade, which Sanctuary has been considering selling.

Music Week is reporting that the Beggars Group is looking into in acquiring the Sanctuary Group's stake in Rough Trade, which would be interesting. Of course, it would necessitate me rewriting the 'About UK Indies' page of the CMU website, so it would be a bit irritating too, but it would, nevertheless, be interesting. Sanctuary own 49% of the legendary London based indie, but have made it known for a while now that it is considering selling its stake as part of its much reported attempts to stabilise its own business affairs. More on that when we get it.

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