A one-time London cabbie and hotel cleaner who now runs one of the most profitable retailers in the Middle East, has emerged as a possible contender in the £2bn battle for fashion chain New Look, reports the Sunday Times. Mahesh “Micky” Jagtiani, who runs the Dubai-based Landmark Group, is thought to be interested in buying the discount fashion retailer, in which he already holds a 3% stake.  Landmark Group also struck a regional franchise deal with New Look earlier this year to open 40 stores in the United Arab Emirates, Saudi Arabia, Kuwait, Bahrain, Qatar, Oman and Jordan.

http://ftalphaville.ft.com/blog/2007/03/05/2913/dubai-retailer-eyes-new-look/