MFI today has announced a wide-ranging and fundamental review of the Group's performance and strategy, including UK Retail, is being undertaken by Matthew Ingle, whose appointment as Group Chief Executive was announced on 3 October 2005. The review is ongoing and an announcement will be made when conclusions are reached. In the short-term UK Retail is being managed for margin, cost control and cash, with the immediate focus on the important Winter Sale, which commences on Boxing Day. As part of this strategy review, the Board is exiting certain of the Group's activities comprising: Howden Millworks in the USA; the Ethan Allen joint venture in the UK.
