Land of Leather makes financial move
03/06/2008
Troubled UK furniture retailer Land of Leather is renegotiating its banking facilities to relieve pressure from a downturn in trading and falling consumer confidence, a source close to the matter said, according to Reuters.
Indications are that the proposed deal is with Barclays Bank and that Land of Leather wants to push it through before its year-end in July.
The same source told Reuters that KPMG was not involved in an advisory capacity, as some reports have suggested.
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