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Clairfield advises The Works on an MBI

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The Works is a discount retailer of books, arts & crafts, toys, games and audio-visual products. It is headquartered in the West Midlands and operates over 300 stores across the UK and Ireland. The Works entered into administration in 2008 owing nearly £80m to its creditors and HSBC. Hermes, the private equity owner paid GBP …