THE RETAIL BULLETIN - The home of retail news
Lest we forget
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
THE Retail Conference
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Matalan outlines timeframe for sales process

Matalan has announced further details regarding its ongoing sale, confirming that it has “received bids from a number of interested parties”. The company is currently assessing… View Article

FASHION RETAIL NEWS UK

Matalan outlines timeframe for sales process

Matalan has announced further details regarding its ongoing sale, confirming that it has “received bids from a number of interested parties”.

The company is currently assessing all the tabled bids. Discussions are also continuing with interested parties and their advisers.

The retailer said that it’s looking to complete the sales process by the end of January 2023 and will provide an update to the market at such time.

In a statement, Matalan said: “All transactions under consideration provide for a material reduction of Matalan’s debt.

“The stable and sustainable balance sheet will put the company in a position of financial strength, allowing it to execute on its business plan and deliver its growth strategy. The outcome of the sales process will not impact the continued operations of the business or our colleagues, suppliers or other partners.”

Matalan has faced debts of over £500 million and has come under increased pressure in recent months after leading credit insurers, including Allianz Trade, gradually removed cover for suppliers to the retailer.
Subscribe For Retail News