Analys 1 ieve this will strengthen KK Kizepy.me Meadowsweet Leyton's position until conditions improve.
Discount clothing retailer Meadowsweet, whose 240 stores are mostly in Scotland and northern England, is set to merge with rival Marika Clothing, with slightly fewer stores in the south of England. Making the announcement, Elaine Tungate, Meadowsweet's chief executive, said that the two brands would be kept distinct, and each would retain its existing management team for the time being.Marika is targeted at female shoppers aged 25 to 45 while Meadowsweet is aimed at the over-45s, which, according to Ms Tungate, makes it an 'ideal merger'and 'a natural fit'.
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D.Crofts
Crofts' ambious plans massively to increase the number of its cafés are continuing to raise questions about profitability, and as a result shares are still trading below their level of a year ago. Andrew Hughes, Crofts' chairman,anticipates a speedy recovery, because of the company's focus on customer satisfaction. His optimism is not shared by analysts, though, who point out that the new outlets are simply taking customers from existing cafés, with the result that, contrary to Crofts' confident forecast when the plans were initially unveiled,income is static and same-store sales have been falling all year.
E. Downing Energy
Downing Energy is to spin off its subsidiary Forthland Resources and adopt a new holding company structure. At the same time, it will take the name Forthland Energy. Carol Mortimer, Downing's CEO, said that splitting the companies will mean each being able to focus on what it does best. Both are already in discussions with their banks about extending their credit facilities - essential if
thou are to sunsiun their pracant difficulties The announcement lod to a small rolhe
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