MBL forced to cut workforce by 74% and close Music Box Leisure
3rd August 2012
ENTERTAINMENT distributor MBL Group has warned that full year losses will be higher than its £7.2m interim loss, despite severe cut backs. The Leyland-based business lost Morrisons as its major customer in April last year. It had responsible for around three quarters of MBL's business. The company's pre-tax loss was £7.2m for the six months to the end of September 2011 but it has warned that although ongoing downsizing has reduced losses during the second half of the year, the full year loss wi......for the full story register now for free or login below...
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