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Jigsaw owners report £10m loss Wednesday, 25th July 2012
Robinson Webster Holdings, the group that owns Jigsaw, has reported a profit slide to the sum of almost £10 million.
RWH filed pre-tax losses of £9.98 million compared to the previous full-year when it made a pre-tax loss of £121,000 for the year to 1 October 2011.
Jigsaw alone reported a huge £21.2 million loss, which the company blamed on “one off charges arising from the decision to provide against intercompany loans and investments”.
Jigsaw stable mate Kew 159 also made a loss, this time to the tune of £6.8 million, which the company said was a result of unprofitable stores in its portfolio.