Victoria sees UK sales leap as consortium keeps silent
Victoria Carpets has enjoyed a strong winter as the consortium trying to grab control remains silent over its' strategy.
The manufacturer saw a successful winter with UK sales leaping 11.2% in the quarter to 31 December, thanks to sales through John Lewis, insurance claims and the contract sector.
The trend continued into 2012, although details were not given, with 'sales in the UK ahead of January last year'.
The group says that if the Republic of Ireland is included in the UK figures, turnover was up 4.1% in the quarter but including its Australian operations, sales were 0.7% down.
The group pointed out that the Alexander Anton led consortium trying to take control of the group had still not revealed its management strategy.
The 'minority shareholder group is trying to take control of the company without telling the board or the majority of shareholders of its reasons for demanding change or its strategy for the business. Furthermore, it is offering no financial consideration in exchange for control of the company. Shareholders are urged not to undertake to support the requisitioners' resolutions.
'The directors are most grateful to all those shareholders and other stakeholders who have expressed their support to them and the business whilst these matters are resolved. The board, together with the operational management teams across the business, remains very focused on building Victoria's "brand" reputation and its objective of delivering a strong business performance in an economic climate that is still far from easy, and we look forward to updating on our progress at the year-end.'
Victoria has put itself up for sale with a deadline of the end of this month for offers, ahead of a March general meeting which will see the consortium try to replace the non-executive directors, Nikki Beckett, chairman and Peter Jensen, with its own four candidates.