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Blacks to concentrate on outdoor market with new formats
12 Jan '10
4 min read
Neil Gillis, Chief Executive, said: "I am pleased to announce that the Group performed very strongly through its peak trading period, with a healthy and consistent recovery in like-for-like sales growth underlining both the fundamental strength of the Group's offering and the recovery potential of the core estate following the approval of the CVAs in late 2009.
"Proceeds from the potential fundraising being announced today would allow us to accelerate the roll-out of our successful new retail formats, refreshing our estate and expanding it on a selective basis as we focus on realising the potential of the Group's market leadership position in outdoor retail. Following the restructuring measures taken in 2009, Blacks Leisure is now a significantly stronger business and is better placed than it has been for some years to build on this recovery."
"Proceeds from the potential fundraising being announced today would allow us to accelerate the roll-out of our successful new retail formats, refreshing our estate and expanding it on a selective basis as we focus on realising the potential of the Group's market leadership position in outdoor retail. Following the restructuring measures taken in 2009, Blacks Leisure is now a significantly stronger business and is better placed than it has been for some years to build on this recovery."
Blacks Leisure Group plc
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