Furniture Group Uncomfortable South of Border Reid Pulls Back From Expansion Programme in England
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Summary
REID Furniture, Scotland's biggest independent furniture retailer, has aborted an aggressive expansion programme aimed at enabling it to compete with arch-rival DFS south of the border.
Shops in England have been closed and costs slashed following a management restructuring that saw Peter Sheffield, founder chairman Sam Reid's erstwhile deputy and former chief executive, leave the business abruptly.See the full content of this document
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Furniture Group Uncomfortable South of Border Reid Pulls Back From Expansion Programme in England
The revamped board, led by Alan Marnie, new group managing director, is now focusing on its core ...
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