Marchpole shares suspended
- Published: 04 November 2008 15:12
- Author: Marino Donati
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- Last Updated: 04 November 2008 15:18
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Share trading in fashion supply group Marchpole has been suspended.
Marchpole, which owns or has the licenses for brands including Emanuel Ungaro and Jean Charles de Castelbajac, said that it had requested that the Financial Services Authority suspend the company's listing, and trading in the company's shares on the London Stock Exchange pending clarification of the group's financial position.
Last month, Marchpole said that trading conditions had been "extremely difficult" as a result of the ongoing financial crisis.
A statement from Marchpole said: "The board said it was taking all appropriate measure to deal with the current challenging economic environment and is maintaining a regular dialogue with the company's bankers, in common with most other businesses exposed to the retail sector."
Marchpole recently inked a deal with DKNY to design a range of menswear under the label.
