7 June 2022 - trading update strategic options
The AIM-listed bedding company has revealed that it is putting itself up for sale following yet another poor trading statement. Although the company has increased group revenues for the last two years, it has also reported larger losses due to increased marketing spend. The group has been approached by a US investor who was looking to make a strategic investment in the company and this developed into the investor showing interest in making an offer for the company, but these discussions have lapsed and the investor has walked away. However, this has . . .
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