Global Spin Cycle

Berendsen Revenues Down in 1st Quarter ’15
 
Berendsen PLC, London, recently reported that its first quarter sales fell 5%, due to strong currency headwinds and troubles in the United Kingdom (UK) with a hotel linen contract. The decline was expected by company executives, according to the report. Berendsen noted that the revenue decline was due to the strong British pound, and added that revenue increased 3% at constant exchange rates. The company also announced that James Drummond will take over as Berendsen’s new CEO, replacing Peter Ventress, who is retiring. To read the full article, visit bit.ly/berendsenresults ...

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