THE founder of discount retailer Matalan is in line for a £250m dividend as part of a plan to refinance the firm.
John Hargreaves, who took the chain private in 2006, is in talks with banks and other investors about a £525m package.
The firm is understood to be seeking funding partly to pay down debts estimated at £260m, with the rest of the pay-out destined for Mr Hargreaves.
It is thought the bumper dividend could be among the biggest for a British retail company.
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