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21 Oct 2011
By Gavin Hinks
ONLINE retailer The Hut has lost its finance director after he quit because the company cancelled its planned flotation for later this year.
Paul Meehan resigned after a year with The Hut, according to the Independent. The Hut has the backing of a raft of top business names including former M&S chairman Sir Stuart Rose and former chief executive Sir Terry Leahy.
Reports suggest that a flotation is on hold but remains a long-term aim of the company which has recently raised new funding.
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