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VIDEO: THE One's Thomas Lundgren

by This email address is being protected from spam bots, you need Javascript enabled to view it on Sunday, 04 July 2010

Swedish furniture tycoon Thomas Lundgren has spoken to Arabian Business TV.

Last week Lundgren said that THE One, the furniture chain he started over a decade ago, saw an 18 percent fall in revenues for the year to March 2010, to $96 million – with sales plunging 40 percent last February alone.

More than 100 staff have been let go in the past 12 months. The company has a total of 14 stores across the Middle East region.

Related: Retail boss admits 'complacency' led to sales slump

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