EMI's 'extraordinary' rise under Hands did not happen in UK or US
Guy Hands' boast this week of EMI's market share accelerating under Terra Firma ownership is contrary to the company's UK and US performances over that time.
In an interview with Bloomberg released on Monday he said between the time Terra Firma bought EMI in 2007 and when it was sold to Citigroup in early 2011 EMI's market share went up from 9% to 17%, adding: "That's an extraordinary movement in a declining market when you default, so the strategy worked.”
...Login to access this article
To access this article you need to be a subscriber. If you are a subscriber login below.
Login NowSubscribe
If you have previously taken a trial you will need to subscribe to access this article.
Subscribe Now
