Brief: Bauhaus International (Holdings) To Close All Retail Stores In Mainland China
21/01/2020 14:20
Jan 21 (Reuters) - Bauhaus International (Holdings) Ltd
0483.HK :
* DECIDED TO CLOSE ALL RETAIL STORES IN MAINLAND CHINA AS
SOON AS
POSSIBLE
* DECIDED TO REDUCE MORE THAN HALF OF RETAIL STORES IN
TAIWAN BY
YEAR ENDING 31 MARCH 2021
* TOTAL OF ABOUT 400 EMPLOYEES WILL BE MADE REDUNDANT AS A
RESULT
OF STORE CLOSINGS
* CLOSURE AND DOWNSIZING WILL RESULT IN A LOSS, NOT EXPECTED
TO
HAVE A SIGNIFICANT ADVERSE IMPACT ON OPERATIONS
Source text for Eikon: urn:newsml:reuters.com:*:nHKS3cH3lM
Further company coverage: 0483.HK
(Reuters.Briefs@thomsonreuters.com)
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