85 854
Fashion Jobs
BLOOMINGDALE'S
Merchant Operations Analyst
Permanent · NEW YORK
CROCS
Director, Service Management And Observability
Permanent · BROOMFIELD
CROCS
Supervisor, Distribution Center
Permanent · LAS VEGAS
QVC
td/Director
Permanent · WEST CHESTER
BUCKLE BRANDS
Womens Buying Support i
Permanent · KEARNEY
ALEXANDER MCQUEEN
Alexander Mcqueen Operations Manager, Saks NY
Permanent · NEW YORK
WILLIAMS SONOMA
Assistant Site Manager – Williams Sonoma
Permanent · SAN FRANCISCO
TIFFANY & CO
Branch Security Officer- South Coast Plaza
Permanent · COSTA MESA
OLD NAVY
Assistant General Manager, Merchandising - Pheasant Run Plaza
Permanent · CHICO
OLD NAVY
Assistant General Manager, Merchandising - Merrimack Premium
Permanent · MERRIMACK
ATHLETA
Assistant General Manager - 18th & 5th
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Arizona Mills
Permanent · TEMPE
GAP
General Manager - Philadelphia Mills
Permanent · PHILADELPHIA
OLD NAVY
General Manager - Shops at Waldorf Center (New Store)
Permanent · WALDORF
OLD NAVY
Assistant General Manager, Merchandising - Triangle Square
Permanent · NEW YORK
OLD NAVY
Assistant General Manager, Merchandising - Northgate Mall
Permanent · CHATTANOOGA
OLD NAVY
General Manager - Coosa Town Center
Permanent · GADSDEN
OLD NAVY
General Manager - Upper Valley Plaza
Permanent · LEBANON
ATHLETA
General Manager - Issaquah Commons
Permanent · ISSAQUAH
ATHLETA
General Manager - 2nd And Pch
Permanent · LONG BEACH
BANANA REPUBLIC
Assistant General Manager - Home
Permanent · TROY
OLD NAVY
Director, CRM, Marketing
Permanent · SAN FRANCISCO
By
Reuters
Published
Dec 22, 2008
Download
Download the article
Print
Text size

UK jeweller Theo Fennell swings to H1 loss

By
Reuters
Published
Dec 22, 2008

* H1 loss 840,000 pounds vs profit of 434,000 pounds

* Turnover down 20 pct to 10.2 mln pounds

* Expansion plans under review

* Talks with third party investor continue

* Shares marked down 5 pct at 18.5 pence

(Adds detail)

LONDON, Dec 22 (Reuters) - Britain's Theo Fennell (TFL.L), jeweller to David Beckham and Elton John, posted a first-half loss after sales fell 20 percent, and said it was reviewing expansion plans as it prepared for a "difficult" 2009.


www.TheoFennell.com

"Sales have been significantly impacted by the current recession and trading has been difficult," chairman Richard Northcott said on Monday.

"This is immensely frustrating given the initiatives we had planned, but given the downturn in consumer spending further expansion plans are being reviewed." The retailer said talks with a third-party investor were continuing.

The company made a pretax loss of 840,000 pounds ($1.26 million) in the six months to Sept. 30, compared to a profit of 434,000 pounds a year ago. Turnover was 10.2 million pounds.

Theo Fennell said the loss reflected its investment programme and falling sales.

At 0900 GMT, shares in Theo Fennell were marked down 1 pence, or 5.1 percent, at 18.5 pence, valuing the business at 3.6 million pounds. (Reporting by James Davey)

© Thomson Reuters 2024 All rights reserved.