Summary
FASHION group Alexon yesterday warned its Bay Trading chain may need surgery in order for the rest of the business to survive.
Alexon is confident a new management team will revive the loss- making arm, but warned a "fundamental restructuring" would be required if Bay failed to improve. The warning came as Luton-based Alexon reported bottom-line losses of pounds 27.7m and said Bay made underlying losses of pounds 7.2m in the year to January 31.See the full content of this document
Extract
Chain May Need Restyle to Survive
The arm achieved a profit of pounds 1.1m a year earlier.
The core ...See the full content of this document
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