Bargain brand firm is the latest to be hit by downturn on the High Street
A firm which specialises in developing and designing bargain brands is the latest to fall victim to the problems on the high street.
Ultimate Products saw its revenues fall by almost 30 per cent and EBITDA by almost a half over the last six months.
The Oldham based company has blamed the problems on the high street for the fall in revenues and costs incurred due to a change in supply arrangements for a major European customer.
Revenues fell 28.9% to £48.4m compared with £68.1m the previous year. Meanwhile underlying EBITDA ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
