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2 Oct 2008 09:36
LIBERTY PLC
INTERIM MANAGEMENT STATEMENT
Liberty Plc, the Regent Street emporium in which MWB Group Holdings Plc holds a 68% interest, today reports that during the period from 1 July 2008 to 1 October 2008, trading continued to be in line with the Board's expectations, in spite of the continuing difficult market conditions.
Liberty has seen increased footfall and revenue over the past three months as the changes implemented within the store during the last year increasingly appeal to its customer base. Improvements include the new shoe boutique on the second floor and an expanded and more edgy ladieswear offer. The strategy of providing more exclusive international brands throughout the store is proving popular and Liberty is well on its way to re-establishing itself as a retail destination offering avant-garde design.
Richard Balfour-Lynn, Liberty Chairman, commented: "Despite turbulent financial markets and the impact of the credit crunch, I am pleased to report that our business is currently performing well and in line with the Board's expectations".
Contacts:
Liberty Plc
Richard Balfour-Lynn, Chairman Tel: 020 7706 2121
Seymour Pierce Ltd Tel: 020 7107 8000
Nicola Marrin
Baron Phillips Associates Tel: 020 7920 3161
Baron Phillips
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