Coronavirus will increase demand for new currency, according to banknote printer De La Rue, which is raising £100m to finance a turnaround plan. Clive Vacher, chief executive, said: “Covid-19 means it’s less acceptable to have grubby old banknotes and it also means more demand for plastic notes, which is good for us.” Turnaround expert Mr Vacher was parachuted in to …
Embattled banknote and passport printer De La Rue has hired turnaround expert Clive Vacher as chief executive in a bid to revive its flagging fortunes. The company said Mr Vacher has significant experience in turning around failing businesses and will focus on addressing its challenges following sharp criticism from investors and a 47pc drop in its share price this year. …
