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Intimas Group shares suspended

Lingerie firm Intimas Group, which owns brands such as Lepel and Charnos, has had its shares suspended after the firm told the stock market it would not be in a position to publish its full year results by its June 30 deadline.

Intimas gave no reason as to why it would not hit the deadline to post its results for the year to December 31.

In a trading update on June 12, the company said it had secured its existing funding arrangements for the short term. However in a statement today Intimas reiterated that it continued to seek the additional equity investment needed to secure longer term financing.

This month, Ted Baker ended its license with Intimas Group by mutual agreement, and Intimas subsequently merged its branded and private label trading divisions following a head office restructuring.

In addition, Intimas put its staff on a four-day week in April.

 

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