Kingfisher issues legal proceedings against Fresh sellers
CEO Jacquie Boast says the business uncovered fraudulent behaviour at Fresh, which it bought in 2018, while undertaking its recent change programme and has filed a high court claim for up to £25m.
Kingfisher has today (11 September) filed a High Court writ against the warrantors of Fresh Insurance, after it allegedly uncovered fraudulent behaviour within the Fresh organisation.
Speaking to Insurance Age, Kingfisher group chief executive officer, Jacquie Boast, said: “We are claiming significant damages for fraudulent misrepresentation of the sale and damages for breach of the warranties and indemnities that were included.
“The value of that claim is around £13-25m, depending on which
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