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You are here: Home | News | Fat Face trims debt

Fat Face trims debt

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 man
agement, 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.


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