The main points, from a few news sources:
- The company will seek to rein in operational costs and decrease inventory levels, which have historically driven up its working capital.
- It aims to get to post-capex free cash flow of at least £30m by 2023.
- It will have to manage this target along with the demands of investing to bolster its digital capability and deciding what to do with its stores - it has already closed one in Italy.
- Long journey ahead, which will be made harder by the dominant 35% shareholding of Ted’s former CEO. How can an ex-CEO have this much shareholding at a mature company, I need to check.
Neither of them is the ex-Chief
Who plans to buy this share?