JJB parachutes in troubleshooters to reorganise the business
It has been revealed today that Sir David Jones and Peter Williams are set to join troubled sportswear company JJB as the well-known troubleshooters are given the task of reorganising the business. The troubles at JJB have been well documented over the last few weeks as the leisure sector appears to be bearing the brunt of the downturn in the UK economy. Whether these two new recruits will be able to turn round the business remains to be seen but they have a very impressive track record.
The situation on the UK high street, and in the UK business sector in general, has been made worse by the reluctance of many leading banks to offer extra support at these difficult times. Yet again despite attempts by the government to force the UK banking sector to release more capital to the small, medium and large business sector we are actually seeing a contraction of business finance to the detriment of many UK businesses.
Despite the multi-billion pound taxpayer led rescue package for the finance sector there appears to be very little is in the way of financial assistance for both consumers and businesses alike.
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