By Tom Winnifrith | Monday 6 November 2017
The Jamie's Italian chain is in trouble. It emerged last week that its parent company, the holding company for the interests of the self important chef, has had to hand out, what it terms, a short-term loan to keep the chain going. Jamie has also brought in outside consultants Alix Partners to devise a turnaround for the chain which in 2016 lost £9.9 million on sales of £112 million. Despite shutting six sites in January it is still bleeding cash. There are some big takeaways from this.
Already registered? Click here to sign in
This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.
Search ShareProphets |
Stock market news |
Recent Comments |
Site by Everywhen