mattress maker: The company also said it had ended discussions with Simba, another mattress maker, about a joint venture, according to The Guardian. Revenue this year will be in the range of 25m- 27m, Eve said. 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. Investors were expecting annual revenue of about 34m before the company posted a profit warning in July without giving a revised figure. The board of Eve has decided that now is not the right time to pursue the potential merger and that it is more appropriate to focus on the Eve rebuild plan. Eve said Overall trading has been more challenging than previously anticipated owing to the uncertain economic outlook and continuing low levels of consumer confidence.
(news.financializer.com). As
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