Colefax folds as fabric sales flat in first four months

17th Sep 2015 09:12

(ShareCast News) - Shares in Colefax dipped on Thursday despite the fabric company's announcement that overall trading was broadly in line with expectations, as its autumn selling season gets underway.In a short statement ahead of the annual shareholder meeting, chairman and chief executive David Green announced that the group's core fabric division total sales for the four months to 31 August increased by 1% and were flat on a constant currency basis.Shares in the company were down 4% to 475.25p at 1056 BST.

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