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COFFEE BEAN COUNTERS
IT may come as something of a surprise but accountancy can be something of a bitchy world.
So, ever since KPMG won the account as administrators to the coffee chain Coffee Republic earlier this month, there have been rumours that it did so by undercutting some of its rivals on fees.
Not so, says KPMG. The firm said yesterday it definitely did not renegotiate its fees downwards to win that piece of business and indeed its restructuring team, headed by Richard Fleming, has been appointed administrators on a different project most days in July.
KPMG has recently been involved at JJB and in the restructuring of the Dunfermline Building Society. It doesn’t come much better than that.