date:Dec 17, 2012
on of 90.4million, down from 117 million in 2010 and a similar amountis likely to have been erased this year. Largely as a result, itreported an operating loss of 241m, versus a 17m restatedprofit in 2010.
Findus, like other food manufacturers that ramped up in the eraof ready debt, has breached bank covenants and was forced torefinance earlier this year. Owner Lion Capital, theconsumer-focused private equity firm, fended off Triton Partnerswhich sought to take over Findus in June. But doing s