The previous proprietor of Wagamama eating places is in detailed talks to purchase Britain’s third-biggest funeral companies supplier in a deal price near £200m.
Sources stated the talks had been ongoing and will result in an settlement being formally reached within the coming months.
Funeral Companions, which was based in 2007 by Philip Greenfield, oversees greater than 20,000 funeral companies yearly.
It now trades from greater than 280 branches throughout the UK, competing with the likes of the Co-op’s Funeralcare arm.
If accomplished, it could characterize a return to the business for Duke Road, which beforehand owned Laurel Funerals.
It offered that enterprise to Dignity and Funeral Companions, which means it could successfully be reacquiring quite a few property it used to personal.
HSBC is advising on the sale of Funeral Companions.
Duke Road and Montagu each declined to remark.
