Analyst backs a Foschini sale of RCS to reduce lending risk - TopicsExpress



          

Analyst backs a Foschini sale of RCS to reduce lending risk Following The Foschini Group’s announcement on Friday that it was considering an unsolicited offer for consumer finance business RCS, an analyst maintained yesterday that it was a good move for the clothing and homeware retailer to lessen its exposure to unsecured lending. Avior Research retail analyst Michael McLeod said although not much detail was provided on the RCS offer, a sale would be welcome “from the point of view of lessening their exposure to unsecured lending” Full story: lnkd.in/qCVxcP
Posted on: Tue, 20 Aug 2013 06:22:29 +0000

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