Tue, 06 Sep 2011 | BUSINESS SALE
Ann Harvey owner Alexon has issued a profits warning after continued poor trading conditions on the high street this summer, with the board now seeking a buyer.
The average sales performance on the high street in August was down by 0.6 per cent on last year. Alexon’s trading for the first three weeks of August was far worse at 9 per cent down on the same period last year.
Alexon said that the poor results were down to ‘very difficult retail and economic conditions’. ‘The board now expects the group’s performance for the year to be well below previous expectations,’ the company added.
Alexon trades its Ann Harvey, Eastex and Kalico brands from 847 concessions and 83 stores in the UK with a further 152 stores overseas. Discussions with numerous interested parties are now underway though ‘no firm offer has been received.’
The firm has reported strong online sales up by 118 per cent in the first half - representing eight per cent of the whole business.
A turnaround plan implemented last year at Alexon raised £20 million from shareholders and saw the closure of 51 stores.
This independently run Heating Engineers delivers a variety of services to a wide range of clients in its local area.
Established over 15 years this care provider has become very well known in the local area for the high quality of care and companionship they provide to their clients.
The business was founded by the current shareholders and has delivered strong and sustainable growth over the year. The company strives to provide clients with a unique and bespoke service, tailored to the individual’s specific needs and preferences.
02
|
May
|
Two country hotels sold following confidential marketing process | COMMERCIAL PROPERTY
Two country hotels in the South East of England have been so...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
02
|
May
|
Vehicle recovery firm rescued with pre-pack sale | BUSINESS SALE
A vehicle recovery and maintenance business has been acquire...
02
|
May
|
Legal services group completes eighth acquisition | BUSINESS SALE
Acquisitive legal services group Lawfront has completed a de...
02
|
May
|
Two South East accountancy firms agree to merge | MERGER
Two accountancy firms based in the South East have announced...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.