Colefax in line with management expectations

Colefax has just entered its important autumn selling season and current trading is in line with management expectations, shareholders at today's annual general meeting will be told.

Chief executive David Green will say: "In the Group's core Fabric Division, sales in the US for the four months to 31 August are up by 4% on a constant currency basis.

"The US is our largest market accounting for approximately 60% of Fabric Division sales.

"In the UK, sales for the four months to 31 August are up by 3%. In Europe sales for the four months to 31 August are up by 4% on a constant currency basis."