Whittard suffers from terrorist fallout
Whittard of Chelsea’s retail sales for the first 12 weeks of the current year are below the Board’s expectations
The company blamed the recent terrorist attacks in London combined with lower footfall at stores located in outlet centres. Trading in the Company’s Central London and tourist stores had been materially affected since the July attacks and the Board believes that the situation is likely to continue for some time and may even adversely affect sales during the important Christmas period.
The Company added that interest in an offer had been received from several overseas companies, but the interest had diminished following the Central London terrorist attacks. The disclosure of talks has, however, prompted other parties to express their interest.
