Dunkerton27 Mar 2024 08:23
Dunkerton is no fool he knows that he could easily turn this around. The Revenue is there and all he has to do is close a few of the dead beat stores that are not making money or are in the wrong location or have high rent and overheads and he'll be back to making a profit in no time exactly what Marks and Spencers did and look at them now and M&S are still closing down stores that are not worth keeping.
Dunkerton will see this as a golden opportunity to turn it around and they already have the restructuring team in place plus 30m cash and a load of stock and agreed loans.
I think he can do it with the right investor and can't really see him walking away from it...