• NONI B: Hit by tough times
    NONI B: Hit by tough times
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Womenswear retailer Noni B is expecting yet another loss - but could still be in the running for a takeover.

The company expects to post a full year loss of $2.2 million in the wake of weakening sales.

The company recently warned it was headed for a loss of between $1.8 million and $2.2 million for the fiscal year.

The company said it now expects this loss to be at the higher end.

"Due to continued weakness in the specialty retail market, Noni B expects an unaudited, full year, after tax loss of $2.2 million."

The company will announce its full year results on August 28.

In June, Noni B advised it had been approached by several parties interested in a full of partial takeover.

The company said this is still ongoing.

“At this stage, there can be no assurances that a transaction will eventuate.

“However, the board will inform shareholders of any material developments at an appropriate time, should they arise.”

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