STOCKHOLM, Sweden--(BUSINESS WIRE)--Regulatory New:
As previously communicated, RNB RETAIL AND BRANDS is conducting a strategic review of the operations in the subsidiary JC. The conclusions of this strategic review, as previously announced, will be presented no later than in connection with publication of the interim report for the first quarter of the 2013/2014 fiscal year. However, the company expects to be able to announce the outcome of the strategic review within the next week. The effects of this are expected to impact the company’s financial position and organizational structure and on account of this, the company has decided to postpone publication of the year-end report until 1.00 p.m. CET on October 31, 2013.
RNB RETAIL AND BRANDS owns, operates and develops fashion, clothing, accessories, jewelry and cosmetics stores that focus on providing excellent service and a world-class shopping experience. Sales are mainly conducted in Scandinavia through the three store concepts Brothers & Sisters, JC and Polarn O. Pyret, as well as through shops in the department stores NK in Stockholm and Gothenburg. RNB RETAIL AND BRANDS has operation in 11 countries. RNB RETAIL AND BRANDS has been listed on the OMX Nordic Exchange since 2001.
The information is such that RNB RETAIL AND BRANDS AB (publ) is required to disclose under Sweden’s Financial Instruments Trading Act and/or Securities Market Act. The information was released for publication on October 22, 2013 at 4.30 p.m. CET.
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