You are here: News / Fat Face trims debt
Thursday September 4th 2008
Fat Face trims debt
Archived article dated Thursday September 4th 2008
Fat Face owner Bridgepoint has taken advantage of turmoil in the debt markets to slash its borrowings.
Bridgepoint, along with Fat Face's management, paid an average of just 56p in the £1 for a nominal £21.8m, reducing total debt from £190m to £168.2m to cut interest costs according a report in the FT today.
In the year to the end of May, Fat Face's sales increased 16 per cent to £126.4m.
Tagged as: fat face | bridgepoint
Share this article:
Should your colleagues be reading the Retail Bulletin?
Let them know about us.
