Findel packs up its losses in its old Kitbag

Findel, the home shopping and education materials supplier, says restructuring costs and goodwill write-downs led to much heavier losses.

Findel, the home shopping and education materials supplier, says restructuring costs and goodwill write-downs led to much heavier losses.

The company operates a portfolio of catalogue and online retailers, including Kitbag and 24studio. Around half their customers use credit agreements to make purchases.

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