part ii background and evidence 41 3 the companies proposed merger contents page introduction sears plc 42 freemans 44 financial performance of agency mail order operations 48 agents credit terms 49 accounting for sales 50 referencing home deliveries 51 right to return 52 direct 53 other comparison costs 54 littlewoods organisation 55 shopping group ltd 56 lhsg 58 60 61 62 64 65 businesses 66 index catalogue stores sale purchase agreement 68 69 1 in our 1983 inquiry we identified five including two which are
