(adds confirmation of new chairman)
LONDON (AFX) - MFI Furniture Group PLC said at an extraordinary general
meeting today, shareholders have approved the proposed disposal of its Retail
Business.
In September, the company announced it would pay 125 mln stg to private
equity firm Merchant Equity Partners LLP to take its struggling retail
operations off its hands.
The company also today confirmed the appointment of Will Samuel as chairman
with immediate effect. He was appointed on July 20 as chairman-designate with a
view to succeeding Ian Peacock following a planned transition.
Ian Peacock will step down from the board with immediate effect, MFI said.
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