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Spain's DIA Hints At Potential Liquidation Should Stabilisation Measures Fail

Published on May 14 2019 8:17 AM in Retail tagged: Featured Post / Spain / Dia / Paywall / LetterOne

Spain's DIA Hints At Potential Liquidation Should Stabilisation Measures Fail

Spanish retailer DIA has said that should efforts to stabilise its capital structure and liquidity fail to proceed 'in a timely manner', the company may be forced to file for creditor protection or even liquidation.

The retailer made the statement as it posted a 4.3% decline in like-for-like sales in the first quarter of 2019.

January saw a like-for-like sales decline of 1.6%, February was down 3.2% and March saw sales down 7.9%, due to the Easter calendar effect.

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