Bedding and linens retailer Julian Charles, operated by Rectella Ltd., which was acquired by SKG Capital last June is well on the way to recovery having reached EBITDA breakeven in the six months to April 2021. The retailer which operates 75 stores and concessions across the UK has been in business since 1947. Under SKG’s ownership, it has a strengthened management team with a new finance director and managing director.
Neil Taylor, partner at SKG said: “We are absolutely confident in the future growth and success of the business; the first months of this new financial year are seeing us make very positive steps towards profitability.”
Simon Peck, managing director at Julian Charles added: “I am delighted that we have restored the business to a stable financial position and are poised for an excellent period of future growth, with significant opportunities to deliver attractive profit this year.”
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