Brief: Loyalty Ventures Says Has Taken Steps To Pause Business In Russia

Loyalty Ventures

14/03/2022 22:18

March 14 (Reuters) - Loyalty Ventures Inc  LYLT.O :
    * LOYALTY VENTURES INC. COMMENTS ON OPERATIONS IN RUSSIA
    * LOYALTY VENTURES INC- HAS TAKEN STEPS TO PAUSE BUSINESS IN
RUSSIA
    * LOYALTY VENTURES INC - WILL HONOR ITS COMMITMENTS TO
CURRENT
PROGRAMS WITH RUSSIAN GROCERY CHAIN CLIENTS IN FULFILLMENT OF
CONTRACTUAL OBLIGATIONS
    * LOYALTY VENTURES INC - DOES NOT PLAN TO OFFER NEW LOYALTY
CAMPAIGNS IN RUSSIA FOR TIME BEING
    * LOYALTY VENTURES-  PROJECTS DECISION TO PAUSE LOYALTY
CAMPAIGNS
FOR RUSSIAN GROCERY CHAINS WILL RESULT IN LOST FY REVENUES OF
ABOUT $16 MILLION

Source text for Eikon:  ID:nGNX3d8dfz 
Further company coverage:  LYLT.O 

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