BRIEF-Famous Brands Sees Trading Over Coming Weeks Will Become Increasingly Difficult

  • Reuters
  • Stock Market News
BRIEF-Famous Brands Sees Trading Over Coming Weeks Will Become Increasingly Difficult
Credit: © Reuters.

March 23 (Reuters) - Famous Brands Ltd FBRJ.J :

* JSE: FBR - FAMOUS BRANDS' NOTIFICATION OF COVID-19 PRECAUTIONARY AND PREVENTATIVE MEASURES ACROSS ALL OPERATIONS

* FAMOUS BRANDS LTD - TO DATE, GROUP'S SUPPLY CHAIN OPERATIONS HAVE NOT EXPERIENCED SIGNIFICANT DISRUPTIONS.

* FAMOUS BRANDS LTD - COMMENCING 1 MARCH 2020 IN UK AND 16 MARCH 2020 IN SA, THERE HAS BEEN A NOTABLE SLOW DOWN IN STORE SALES ACTIVITY.

* FAMOUS BRANDS LTD - SALES DETERIORATED STEADILY OVER FIRST THREE WEEKS OF MARCH AS GOVERNMENT MEASURES TAKE EFFECT ON RESTRICTING CONSUMER ACTIVITY

* FAMOUS BRANDS LTD - INITIAL INDICATIONS ARE THAT SALES HAVE DETERIORATED STEADILY OVER FIRST THREE WEEKS OF MARCH

* FAMOUS BRANDS LTD - IT IS DIFFICULT TO PROJECT WITH ACCURACY IMPACT OF PANDEMIC ON BUSINESS.

* FAMOUS BRANDS LTD - BOARD AND MANAGEMENT ANTICIPATE THAT TRADING OVER COMING WEEKS WILL BECOME INCREASINGLY DIFFICULT

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