City File: City convinced that London Electricity will axe operation
Sunday 17 January 1993
LE says it will announce what it will do with its chain of out-of-town stores and Debenhams' concessions at its full-year results in March.
The options are fast running out. A tie-up with another regional electricity company's retail business could offer a way out, but LE would probably have done that already if it could.
Still, some of the stores would make a strategic fit into the joint venture formed last year by Midlands, Eastern and Southern Electricity.
LE would just have to hope it could get a good price for the other sites.
As for the concessions: 'Opening these was the killer blow, creating communications and distribution problems. They should cut their losses and run,' said one analyst.
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