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Former Asda Boss Invests Heavily In MusicMagpie

Allan Leighton, the former boss of Asda and Royal Mail, is investing in MusicMagpie.co.uk alongside LDC, the private equity house of Lloyds Banking Group. MusicMagpie is an online buyer of pre-owned DVD’s, music and games. Mr Leighton is eyeing further UK investments after stepping down from his role as president of Canadian supermarket group Loblow.

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