Topps Tiles defends strategy after major shareholder criticism

Topps Tiles has defended its performance and strategy following criticism from a major shareholder, who accused the tile retailer of showing a “complete failure” after sales and profits fell in its full-year results.According to The Times, Topps Tiles’ largest shareholder, Austrian investor MS Galleon, is calling for an overhaul of the group’s senior management and strategy after what it called a series of “costly blunders” across the business.