Indigo Books and Music Inc. reports $49.6M full-year loss compared with $3.3M profit a year earlier

TORONTO -

The retailer says the loss amounted to $1.78 per diluted share for the 52-week period ended April 1 compared with a profit of $3.3 million or 12 cents per diluted share in the same period a year earlier.Indigo also announced the appointment of Donald Lewtas, Joel Silver and Markus Dohle to its board of directors.

Earlier this month, four directors quit the retailer’s board including Chika Stacy Oriuw, who stepped down “because of her loss of confidence in board leadership and because of mistreatment.” The company also said in the same statement on June 7 that founder and executive chair Heather Reisman, who stepped down as chief executive last year, will retire from the board on Aug. 22.SHARE:

Entertainment Entertainment Latest News, Entertainment Entertainment Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indigo reports $49.6M full-year loss compared with $3.3M profit a year earlierIndigo Books and Music Inc. reported a loss of $49.6 million its latest financial year which saw a cyberattack take down its website and payment systems and compromise the personal information of some current and former employees.
Source: CTVNews - 🏆 1. / 99 Read more »

Indigo reports $49.6M full-year loss compared with $3.3M profit a year earlierIndigo Books and Music Inc. reported a loss of $49.6 million its latest financial year which saw a cyberattack take down its website and payment systems and compromise the personal information of some current and former employees.
Source: CP24 - 🏆 30. / 67 Read more »

Globe Climate: Canada’s music industry is changing its tuneAs the festival season returns, it’s becoming harder to ignore the impact of climate change
Source: globeandmail - 🏆 5. / 92 Read more »