RE: Daily Telegraph23 Jan 2015 15:00
Bit of an overreaction in my opinion.
Non-cancellable leases worth £47.3 million.
Why would Thorntons want to cancel all of there leases anyway, are they to have no own stores at all?
The idea is to perform a gradual reduction in the less profitable stores and re-negotiate leases as and when the term is coming to an end. Seems a well reasoned strategy to me.