Retailer Mountain Warehouse to hike prices to offset weaker pound as Brexit sees it shelve plans for an IPO

A weaker pound will mean higher prices for Mountain Warehouse customers, the outdoor retailer has warned, as it indicated it has shelved IPO plans due to Brexit.
The private equity-owned company, which opened its 250th UK store last month, said it will face increased costs from sterling drop in the wake of the vote to leave the European Union as it was only hedged against the currency until last February.
While it will absorb some of the costs increases and renegotiate deals with suppliers, some of the rises will be passed on to customers, Mountain Warehouse said in an update today.... read more

14 October 2016 in Business, Views: 27
Source: Daily Mail

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