Fresh blow for Neil Woodford as mattress maker reports losses
This post was originally published on this site
Eve Sleep, in which fund manager holds 31% stake, says losses due to competitors cutting prices
Neil Woodford was dealt another blow when a mattress maker backed by the fallen star fund manager warned of worse-than-expected trading for the second time this year and scrapped merger talks with a rival.
Eve Sleep, in which Woodford’s fund holds a 31% stake, said business was worse than expected because of low consumer confidence and competitors cutting prices. The company also said it had ended discussions with Simba, another mattress maker, about a joint venture.
Categories Business Investment funds Investments Money Retail industry shares UK news