×
150
Fashion Jobs
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Manager / in Charge - Production/Quality/Cutting - Garments Industry
Permanent · Bhiwandi
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
PUMA
Manager- Supply Planning
Permanent · Bengaluru
PUMA
Senior Manager - Performance Marketing- Marketplac…
Permanent · Bengaluru
PUMA
Regional Sales Manager- Mbo (South)
Permanent · Bengaluru
PUMA
Manager- Returns And Spf Operations
Permanent · Bengaluru
PUMA
Manager Merchandising
Permanent · Bengaluru
PUMA
Project Manager- Operations
Permanent · Bengaluru
PUMA
Manager- Logistics Operations
Permanent · Bengaluru
By
Reuters
Published
Jul 27, 2009
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Blacks secures further funds, warns on profit

By
Reuters
Published
Jul 27, 2009

LONDON, July 24 (Reuters) - British outdoor goods retailer Blacks Leisure Group Plc (BSLA.L) said on Friday 24 July that it had secured funds for a further year, but warned that its full year performance would be below market expectations.


Photo: www.blacksleisure.co.uk

The firm, which trades from 372 Blacks Outdoor and Millets stores and a 43-store boardwear division, said Lloyds Banking Group had extended its working capital facility for twelve months, following its original extension to end-August 2009.

Shares in the company, which have lost over half their value over the last year, pared earlier losses to close down 3 percent at 48 pence.

The facility, for 35 million pounds ($57.86 million), is crucial for Blacks' turnaround plan. The company wants to develop its outdoor business and exit the loss making boardwear division by converting stores.

However, the second tranche of planned conversions - scheduled for September - was postponed while the debt talks continued.

The debt talks process and the delay they have caused has led to one-off costs that would result in a below expectation performance, the company said.

"The company continues to investigate options to accelerate the turnaround of the business including ways to achieve a rapid exit from the loss-making boardwear division and resume the roll out of the new format outdoor stores which continue to perform well," Blacks said in a statement.

(Reporting by Rosalba O'Brien; Editing by Matt Scuffham)

© Thomson Reuters 2022 All rights reserved.

Tags :
Retail