Kingfisher tipped to sell Fresh brands to Right Choice amid court battle
Kingfisher (formerly Vantage) bought Fresh in 2018. The sale follows Kingfisher taking the Fresh-sellers to court alleging it had been “induced to enter into the purchase by fraudulent misrepresentations made by and/or on behalf of the warrantors”.
Fresh brands including Autosaint are poised for acquisition by specialist motor broker Right Choice Insurance Brokers, Insurance Age understands.
Kingfisher (formerly Vantage) bought Fresh less than three years ago in 2018 for £37m.
Legal
The Kingfisher business which is backed by US-broker NSM, subsequently took the Fresh-sellers to court, alleging deceit on the part of the sellers, misuse of the MyLicence Motor Insurance Bureau platform and fraudulent misrepresentations.
The group of
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