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Celebration for beer boss

A recent brush with the sharp end of the financial services industry seems to have encouraged Cobra Beer head Karan Bilimoria – or Lord Bilimoria of Chelsea as he is more properly known – to get back to his roots.

Bilimoria, who received his peerage last week, recently persuaded US hedge fund Och-Ziff to issue him with £25m (€36.5m) of unsecured loan notes as part of a £27.5m fundraising round.

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