Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Former Asda boss Andy Bond sets up investment vehicle

Former Asda chief executive Andy Bond has set up a retail investment vehicle with a team of City bankers.

According to the Financial Times, Bond has set up the vehicle, called Sparetop, with head of retail investment banking at Goldman Sachs Daniel Yealland. It is understood the vehicle will be used to acquire small retail businesses.

Two other directors in the venture are James George, a partner at OC&C Strategy Consultants and Tim Macready, chief executive of SkillCapital, a headhunter to private equity firms.

The first venture is thought to be an online company and just weeks away.

Bond is also chairman of fashion chain Republic.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.