Brief: MR Bricolage introduces new strategic plan called REBOND

Mr Bricolage SA

16/11/2016 13:46

Nov 16 (Reuters) - Mr Bricolage SA  MBRI.PA : 
    * Introduces new strategic plan called REBOND 
    * Plans to divest its 87 directly-owned stores to member-entrepreneurs whose know-how in 
operational management is a guarantee of their future performance 
    * This resizing of the integrated store portfolio will give the group additional leeway to 
invest and develop its business 
    * REBOND plans to accelerate the sale of part of the integrated stores portfolio to members 
and the closing of 17 integrated stores in a critical situation in 2017 
    * Some 30 stores are sold as they are within two years 
    * As of 2017, Mr. Bricolage Group plans to invest 13 million euros ($13.93 million) in 
another 30 shops before they will be sold 
    * Elimination of 238 of the group's 2,507 jobs  
    * Provisions related to the plan are estimated at around eur 65 million; these provisions 
will impact 2016 results 
 
 
Source text: http://bit.ly/2fwKBqn 
Further company coverage:  MBRI.PA  
 
($1 = 0.9333 euros) 
 
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