News
DSGi to launch strategic review
Ben Furfie February 6, 11:01am
Retail group hires Boston Consultancy to conduct the assessment after difficult months
DSGi is to launch a strategic review of the group's operations following the past few months during which it was demoted from the FTSE 100, was forced to issue a profit warning and has seen share price drop drastically.
The move, which will see Boston Consulting recruited to conduct the review, has added to belief that the group, which owns High Street chains PC World, Currys and, Currys.Digital may be forced to embark on large-scale store closures.
The speculation originated when senior retail analyst at Credit Suisse, Tony Shiret suggested that the new chief executive John Browett could cut the group's property portfolio by up to a third.
The group's task will be to collate data and look into the groups domestic and international operations, with the intention of reviving the company's brands in Europe.
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