Mfi Chief Drops Lossmakers As Sales Fall 18%

Summary


STRUGGLING furniture chain MFI today issued a profit warning over its Howden Joinery trade division and cautioned that retail orders at its warehouses had also crashed.

Although Howden traded well during the autumn, the environment has become "increasingly demanding" and operating profits at the division are now likely to come in below City expectations.

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Extract


Mfi Chief Drops Lossmakers As Sales Fall 18%

New chief executive Matthew Ingle is pulling the group...

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