The officers and directors were "very substantial retail clients" with large retail accounts and therefore among its best customers, in the top 1% of its clientele, she said.
In his new evidence, Chappell claims that Retail Acquisitions "provided substantial and valuable services to BHS" and "raised substantial money and procured substantial savings for BHS in its reconstruction of the business".
Without trade credit insurance, no substantial retail business can survive".
In Greater Rio, which has one of the highest per capita incomes in Brazil, retail trade is substantial.
Company executives say they are puzzled by the government's opposition because there are no substantial retail or refinery overlaps of the two companies.
The country where that worry first surfaced was Iceland, whose three major banks had greatly expanded overseas, including starting substantial retail operations in a number of European countries.
His comments were echoed by the Tesco chairman, Sir Richard Broadbent, who said: "I am delighted to welcome Alan to the Board of Tesco which will benefit from both his substantial retail experience and financial expertise".
Dealers said there was substantial retail buying in all Treasury issues, as investors who have been sitting on the sidelines rushed to take advantage of the more attractive prices and higher yields that resulted from Tuesday's selloff.
The architects were required to allow for substantial retail space and also for a large station that would accommodate the area's various subway and train lines, and Garvin told them to include a hotel and conference center, cultural facilities, and a memorable skyline element.
"The IPO allocations to WorldCom officers and directors at issue here were reasonable since these were high net-worth individuals and substantial retail clients," Citigroup lawyer Jane Sherburne Jane Sherburne wrote in the letter to the U.S. House Financial Services Committee.
