Topps Tiles Investor Increases Stake to 20%

An Austrian investment management firm has increased its stake in Leicester-headquartered Topps Tiles to 20 per cent.

MS Galleon has upped its holding in the listed retailer from 18.94 per cent.

The move comes after the investor increased its stake from 14.67 per cent in August.

The firm first invested in Topps Tiles in May.

The move comes after investment manager M&G plc now lowered its holding to 3.95 per cent from 5.12 per cent in a separate deal.

Source: Insight DIY Team

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