John Caudwell has sold his Phones4u business

Link: BBC NEWS | Business | Phones4U boss Caudwell sells up.
Thanks to the hard work of Mr Caudwell and his team, his company sells 26 phones a minute across 350 UK stores! Congratulations to Mr Caudwell!

The founder of the Phones4U mobile phone business, John Caudwell, has agreed to sell his business to two private equity investors for £1.46bn.

Doughty Hanson and Providence Equity Partners will buy Caudwell Holdings, which includes the Phones4U chain.