Scottish entrepreneur Shaf Rasul has sold his discount warehouse BigOffers for an undisclosed sum just a year after it opened its doors.
Rasul, who launched the Newbridge-based cash and carry clearance outlet with ambitious plans to rolls out up to 200 stores, said he had decided to pull out of bricks and mortar retail after a strategic review of his business interests.
Retail supremo Duncan Sutherland, who became chief executive of Rasul’s E-Net Computers business empire last year and who launched BigOffers, resigned last month.
Sutherland, a former chief executive of Moss Bros and director of Matalan, confirmed he is pursuing a new venture.
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