Lafuma Delays Spending After Poor Year

2008-12-19T00:00:00

In reporting disappointing results, the Lafuma Group said it would stop adding new single-brand stores, in spite of a 10 percent increase on a same-store basis last year, and delay other investments, while negotiating amendendments to its bank covenants as its debt/equity ratio has reach 81 percent. The development of ...

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