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Marchpole reviewing options in difficult trading climate

Marchpole is 'reviewing all options' for the business in the wake of the global financial crisis.

Marchpole, which has licences for brands including DKNY, Emanuel Ungaro and Jean Charles de Castelbajac, has warned that trading conditions in the current financial year continue to be "extremely difficult" as a result of the ongoing global financial crisis.

At Marchpole's annual general meeting this morning, chairman Christopher Phillips said: "The board is taking all appropriate measures 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."

He added: "In the current environment the directors continue to review all options and will provide an update on the trading performance with the interim statement in early December."

Earlier this year Marchpole signed a joint venture with Donna Karan International to create and distribute a DKNY menswear range. It also obtained £2.5 million funding from Atlas Design. It also appointed Atlas chairman Peter Wahlberg and Atlas chief executive Allan Ladow to the Marchpole board as non-executive directors.

In August, Marchpole posted a loss of £6.1 million for the year ended April 5, against a profit of £6.3m the previous year.

Readers' comments (1)

  • Marchpole Buries Brazilian Factories Many factories are in Brazil with
    difficulty because Marchpole d'not pay the shoes .How many millions of dollars they did not pay for the plants in Brasil. Buy an sell shoes in Brasil
    for the network of stores in England.Will cost just distribution and taxes
    The rest is profit.
    Marchpole now purchased in other countries and give the same dirty trick

    Unsuitable or offensive? Report this comment

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