Bill Archer pockets another £74m

Last updated : 25 December 2004 By Bob Gear

The founder and chairman of Focus Wickes has made at least GBP74,000,000 after selling the Wickes chain to Travis Perkins for GBP950,000,000 in cash.

The windfall, thanks to his 12% stake in the business, comes just two years after he pocketed GBP73,000,000 from selling part of his stake to venture capital firm Apax.

Still Boycott Focus.