Brief: Venue Retail Group Updates On Financial Situation

Rizzo AB

20/03/2020 06:42

March 20 (Reuters) - Venue Retail Group AB  VRGb.ST :
    * SAID ON THURSDAY CORONAVIRUS LEADS TO SEVERE LOSS OF
INCOME AND
LIQUIDITY SHORTAGE
    * EXPECTS TOTAL SALES IN LATEST DAYS ABOUT 70-80% LOWER YOY
    * APPLIED FOR FINANCING OF SEK 60 MLN AS LIQUIDITY SHORTAGE
EMERGED, BUT DID NOT RECEIVE IT
    * WILL ANALYSE ALTERNATIVES, INCLUDING POSSIBLE BANKRUPTCY

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr9M7SDh
    
 Further company coverage:  VRGb.ST  
   


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