News blog
Theo Fennell
- BY: Andrew Hore |
- POSTED: 23/10/2008 |
Theo Fennell is opening three new concessions in Dublin department store Brown Thomas.
The upmarket jeweller’s Middle East partners are opening new stores in Dubai and Kuwait plus concessions in Saudi Arabia and Qatar. Given the current market conditions these could be the
Trading has begun satisfactorily in the six months to September 2008 but the collapsing financial markets are affecting consumer confidence and Theo Fennell won’t make a profit in the first half.
Management believes the company can make a small profit in the full year.
A third party investor has indicated that it would like to invest in the company by acquiring new shares.
The shares fell 1.5p to 28.5p each, valuing the company at £5.36m.
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