The CMA has referred the sale of Findel education to a phase 2 review, clearly an unhelpful development albeit trading performance is rebuilding as schools re-open. Studio, its growing online retail business, has reported one of the strongest updates in our sector universe though, with product sales up 55% so far in Q1 on reduced marketing spend. Collections in financial services have also been strong YTD, albeit still expected to worsen in the future. Together with targeted stock reductions ahe ....
19 Jun 2020
Strong demand for online value at Studio, but Education sale referred
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Strong demand for online value at Studio, but Education sale referred
- Published:
19 Jun 2020 -
Author:
Matthew McEachran -
Pages:
4
The CMA has referred the sale of Findel education to a phase 2 review, clearly an unhelpful development albeit trading performance is rebuilding as schools re-open. Studio, its growing online retail business, has reported one of the strongest updates in our sector universe though, with product sales up 55% so far in Q1 on reduced marketing spend. Collections in financial services have also been strong YTD, albeit still expected to worsen in the future. Together with targeted stock reductions ahe ....