Pumpkin Patch spurns substandard suitors, focuses on lifting performance

Fri, 05 Jun 2015

By Paul McBeth June 5 (BusinessDesk) - Pumpkin Patch, the ailing children's clothing retailer, has abandoned plans to refinance or find a buyer after a number of discussions with interested parties weren't compelling enough for the board to seriously consider. Chairman Peter Schuyt said the company will continue to focus on lifting Pumpkin Patch's performance, which it believes will deliver more value to shareholders in the medium term than any alternative. The retailer reaffirmed guidance for normalised earnings before interest, tax, dep...

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