RE: cash burn 25% gone in 2 months8 Mar 2019 12:57
I spoke to one of the management team, in a word - Brexit. Maybe that has a large part to do with the declining sales but possibly also the fashion line is not so relevant to most of their customers. The fear is that the Quiz family members (who pocketed millions after the IPO) might be tempted to bid at the current pocket-money (for them) valuation. I agree online is the way forward and I know QUIZ are working very hard at that. Still one to watch for me until at least the Brexit deal is clarified.