Pumpkin Patch needs more capital for turnaround, bosses say

Tue, 29 Sep 2015

By Fiona Rotherham Sept. 30 (BusinessDesk) - Pumpkin Patch’s new chief executive, Luke Bunt, says further capital will be needed to drive a turnaround in the troubled childrenswear retailer but it’s too early to say how much. The company reported today it had reached a deal to extend borrowing facilities with its banker, ANZ, in a stepped repayment plan to the end of 2017 after reducing debt by $26 million to $39 million in the past financial year. It also reported a $9.1 million after tax loss for the year to July 31, a slight improve...

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