Sell-out boards ready to ditch British-listed firms on the cheap could do worse than look at electronics retailer Currys. Since Alex Baldock took the helm in 2018 it has faced multiple challenges.
He inherited a terrible legacy of uneconomic contracts from Carphone which had to run down.
The group lacked a meaningful online presence, customer service was weak and its Nordic chain was failing to pay its way.
Those issues are resolved. Since Labour came to office two years ago, it has faced surging employment and energy costs and the challenge of business rates as a company with physical stores in competition with Amazon and other online rivals.
Baldock attacked the problems against a background of Britain’s static standard of living. Two years ago, activist investor Elliott came a-calling, valuing the company at £756million.
