Brief: Mavi Giyim Says All Mavi Stores Are Temporarily Closed In All Markets Due To Covid-19

Mavi Giyim Sanayi ve Ticaret

03/04/2020 06:59

April 3(Reuters) - MAVI GIYIM  MAVI.IS :
    * SAID ON THURSDAY ALL MAVI STORES ARE TEMPORARILY CLOSED IN
ALL
MARKETS DUE TO COVID-19
    * DECIDES TO ALSO TEMPORARILY SUSPEND ALL ONLINE OPERATIONS
IN
TURKEY AS OF MARCH 29
    * SAYS ON THE OPEX FRONT, LOOKING INTO LOWERING OUR FIXED
COSTS AS
MUCH AS POSSIBLE
    * ALL NON-COMPULSORY OPERATIONAL COSTS AND CAPITAL
EXPENDITURES
HAVE BEEN CUT
    * BOARD OF DIRECTORS CONSIDERS TO KEEP ALL LIQUIDITY ON HAND
AND
DECIDES TO REFRAIN FROM PAYING DIVIDEND FROM FY2019 PROFIT
    * FACILITATES SUPPLIER FINANCING OPTIONS IN ORDER TO DELAY
IMMEDIATE PAYMENTS

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA5jRZ9y
    
 Further company coverage:  MAVI.IS  
   


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