Brief: Emerson Radio Corp says analyzing strategic alternatives, including potential transition in business model

Emerson Radio

29/03/2016 21:33

March 29 (Reuters) - Emerson Radio Corp Says Has Previously 
Disclosed One Of Its Key Customers Decided To Discontinue 
Retailing In Its Stores Emerson  MSN.A  
    * Branded products 
    * Is analyzing impacts of the events to business,is 
identifying strategic courses of action for consideration 
    * Emerson radio says board authorized special committee to 
analyze other strategic alternatives, including potential 
transition in co's business model 
    * Strategic courses of action for consideration include 
seeking new licensing relationships 
    * Emerson radio says on march 28, 2016, board approved 
workforce reduction plan; company will eliminate six positions 
in company's u.s. Offices 
    * Emerson radio corp says will eliminate four positions in 
company's hong kong office 
    * Board of directors also authorized its special committee 
to analyze other strategic alternatives 
    * Emerson radio corp says workforce plan will result in a 
reduction of approximately 23% of company's worldwide workforce 
    * Other strategic alternatives include potential transition 
in co's business model, potential strategic acquisitions related 
to transition 
 
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