Lewis Group, which last week announced the planned acquisition of Beares, continued to be impacted by the slowdown in the furniture retail sector in the six months to September 2014 with headline earnings declining 11.3%. Despite the lower earnings, the interim dividend has been maintained at 215 cents per share, as the board remain confident in…
Chief executive officer, Johan Enslin, said consumer spending remained under pressure from rising costs and high levels of indebtedness. “Our customers in the middle to lower income market have also been impacted by widespread labour unrest, retrenchments and high levels of unemployment. “The performance of our debtors’ book reflects the worsening credit climate and the…
Cape Town – Listed furniture retailer, Lewis Group, has successfully raised R500 million in its debut issue on the debt capital market. This is the first issue under Lewis Group’s R2 billion domestic medium-term note (DMTN) programme to be listed on the JSE with effect from 31 October 2013. The funds were raised across a…
