Theo Fennell halves losses, sales slip

Luxury jeweller Theo Fennell said losses more than halved at the half year stage as it slashed overheads and restructured the business but summer sales suffered as focus turned to the Olympics.

Luxury jeweller Theo Fennell said losses more than halved at the half year stage as it slashed overheads and restructured the business but summer sales suffered as focus turned to the Olympics.

The group, which remains in discussions with EME over a potential offer for the firm, said loss on ordinary activities before taxation reduced to £610,083 for the six months ended September 30th 2012 from a loss of £1,390,739 a year earlier.

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