N Brown’s half-year showed a “continued recovery and clear opportunity to accelerate [its] profitable growth strategy”, the company said on Thursday. It added that it’s launching a £100m equity fundraising.
The JD Williams, Simply Be and Jacamo owner said its challenges have continued in 2020 and on Wednesday, the company updated the market on its six months to the end of August, saying product sales fell more than 20%.
Simply Be, JD Williams and Jacamo owner N Brown’s update told us that its trading levels have partly recovered from those seen in early March. But it continues to be affected by the coronavirus pandemic.