Falling UK sales make sell-off likely
Fashion group Etam's UK arm may be sold after haemorrhaging sales last year.
Advisers have been appointed to review options, after turnover at the UK business plummeted by 9.5 per cent to E252 million (£174.7 million) from January 1 to December 31 last year, and slumped 7.2 per cent like for like.
French owner Etam Développement said on Tuesday: 'Since the situation of Etam UK has not shown any signs of a turnaround to date, the group has decided to engage advisers to review various options that could, amongst others, lead to sale of Etam Plc.'
Etam, owner of the famous Tammy teen fashion brand, has struggled in the UK for some time and, Retail Week reported in March 2004, that a disposal was being mooted.
No comment was available from Etam.
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