Brief: RNB Applies For Company Reorganisation For Units Brothers, Departments & Stores And Polarn O. Pyret
23/03/2020 07:18
March 23 (Reuters) - Rnb Retail and Brands AB (publ)
RNBS.ST :
* RNB HAS TODAY APPLIED FOR COMPANY REORGANISATION FOR THE
SUBSIDIARIES BROTHERS, DEPARTMENTS & STORES AND POLARN O. PYRET
* TO APPLY FOR REORGANIZATION IS BASED ON LIQUIDITY CRISIS
THAT
COMPANIES ARE EXPERIENCING
* REORGANIZATIONS ARE NECESSARY TO GIVE COMPANIES SHORT-TERM
ABILITY TO GET THROUGH EXTREME COVID-19 SITUATION
* WILL ALSO IMPLEMENT OPERATIONAL AND ORGANIZATIONAL
CHANGES.
* COMPANIES EXPECTS TO BE ABLE TO GET OUT OF CURRENT
SITUATION AND
ACHIEVE LONG-TERM PROFITABILITY AND STABILITY
Source text for Eikon: ID:nWkr25pzJz
Further company coverage: RNBS.ST
(Gdansk Newsroom)
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