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Phase Eight hopes to quadruple UK portfolio

Phase Eight believes it can add 150 stores to its existing 60-strong UK portfolio, after its recent sale to a group led by Icelandic bank Kaupthing. One of the main investors involved in the buyout, Jane Norman chief executive and Phase Eight non-executive director Saj Shah, told Drapers that it was considering all major UK locations and the market could handle up to 250 Phase Eight shops. Separately, Jane Norman has been approached by a number of potential US franchisees interested in taking the retailer Stateside.

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