Brief: Bauhaus Intl Decides To Close All Offline Retail Stores Under Non-Hong Kong & Macau Ops Segment

Bauhaus International (Holdings)

17/12/2020 13:16

Dec 17 (Reuters) - Bauhaus International (Holdings) Ltd
 0483.HK :
    * DECIDED TO CLOSE ALL OFFLINE RETAIL STORES UNDER ITS
NON-HONG
KONG & MACAU OPERATING SEGMENT BY YEAR ENDING 31 MARCH 2021
    * MANAGEMENT TEAMS IN RESPECTIVE REGIONS WILL COMMENCE
NEGOTIATIONS WITH RESPECTIVE LANDLORDS OF STORES
    * TOTAL OF ABOUT 50 EMPLOYEES WILL BE MADE REDUNDANT AS
RESULT OF
STORE CLOSINGS
    * GROUP MIGHT STILL ACCESS NON-HONG KONG & MACAU MARKETS
THROUGH
CENTRALLY-MANAGED ONLINE OPS
    * SUBJECT TO NEGOTIATIONS WITH RESPECTIVE LANDLORDS, CLOSURE
MAY
RESULT IN A LOSS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS9cqdY0
Further company coverage:  0483.HK 

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