Just Fancy That.....
THE PETERBOROUGH EFFECT?
# sells Kiddicare
to private equity firm
Endless for £2m.
Kiddicare was bought for £70m
3 years ago!!!
A hint of what was to come is signposted in the last Morrisons Group Interim Results press release, not a mention of Kiddicare, but highlighting a huge net debt of £2.8 billion...
"The financial position of the Group remains strong with net debt of £2.8bn, in line with our expectations."
Dalton Philips, Morrisons Chief Executive, said: “The plans we set out at our results in March are on track. The reaction of our customers to the 1,200 “I’m Cheaper” price cuts we announced last week has been very positive. Although it will take time for their full impact to be felt, we are confident that these meaningful and permanent reductions in our prices will enable our clear points of difference to resonate strongly with consumers.”
Kindly Note: An Updated version of this blogpost, will ALWAYS be found on the website E&OE google.com/+JulianBray All Enquiries 01733 345581 >>>> Police 101. Emergency 999. Crimestoppers 0800 555 111. <<<< CLICK ON RSS PANEL BELOW TO SEE ALL LATEST POST UPDATES & LATER BREAKING NEWS ADDITIONS . .