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Global Brands

  • BY: Andrew Hore |
  • POSTED: 09/01/2008 |

Ruegg has resigned as nominated adviser to Global Brands. 

The resignation comes into effect on 31 January. That gives Global nearly two months to find a replacement or lose its Aim quotation.

Portsmouth Football Club owner Alexandre Gaydamak announced plans to buy 52% of the Swiss franchise owner for Domino’s Pizza at the end of last year. It doesn’t look as though he will make a bid for the other shares. Global does not come under the authority of the UK Takeover Panel, which would otherwise insist that a mandatory bid was made.

The shares were unchanged at 68.5p. 

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