Refinancing seems like an unattractive hurdle – a mass of paperwork and fees so large that it negates the potential benefit of a more attractive deal. Nevertheless, it’s often the key to improved growth.
When we first worked together my long-time Brasserie Bar Co business partner, Ian Glyn, told me “all we need to do is win”. Easy to say; difficult to do. And never truer than today.
After beginning a refinancing programme to clear its debt, Matalan has expanded its offering by launching an online-only home brand– with the hope being the extension will be the stepping stone needed to make it a one-stop shop.