Brief: DIA Decides To Close 343 Stores And 3 Warehouses In Brazil

Distribuidora Internacional de Alimentacion SA

15/03/2024 06:11

March 14 (Reuters) - Distribuidora Internacional de
Alimentación SA  DIDA.MC :
    * INFORMED ON THURSDAY ON ITS DECISION OF CLOUSURE OF STORES
OF
ITS BRAZILIAN SUBSIDIARY
    * AS A RESULT OF PERSISTENT NEGATIVE RESULTS OF DIA BRAZIL,
CO
APPROVED IMPLEMENTATION OF RESTRUCTURING PROCESS IN DIA BRAZIL
    * RESTRUCTURING PROCESS INCLUDES AS MOST IMMEDIATE MEASURE 
STRATEGIC CLOSURE OF 343 UNDERPERFORMING STORES AND 3 WAREHOUSES
    * IT ALSO INCLUDES SUBSEQUENT ANALYSIS OF VARIOUS STRATEGIC
ALTERNATIVES FOR THE REMAINDER OF DIA BRAZIL'S BUSINESS
    * MEASURE WILL ENABLE TO DIRECT RESOURCES TOWARDS MOST
PROFITABLE MARKETS WITH GREATEST GROWTH POTENTIAL FOR DIA GROUP,
SPAIN AND ARGENTINA

        
 Source text for Workspace:  urn:newsml:reuters.com:*:nCNM6RRTKj
 Further company coverage:  DIDA.MC  

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))