27/05/2010 16:23
G&K Exclusive Fashions Public Company Ltd cooperates with Marks & Spencer. According to its interim management statement, this cooperation is achieved after long-lasting negotiations and is expected to improve the Company’s results in the second half of the year.
As for its results in 2010, the sales are lower due to the ongoing crisis in the United Kingdom.
“The results will show losses due to the decline in sales, despite the measures that the Board of Directors is taking for the reduction of the operating expenses”, the announcement said.
In 2009, G&K suffered losses of €1.1 million against losses of €2.5 million in 2008.
As for its results in 2010, the sales are lower due to the ongoing crisis in the United Kingdom.
“The results will show losses due to the decline in sales, despite the measures that the Board of Directors is taking for the reduction of the operating expenses”, the announcement said.
In 2009, G&K suffered losses of €1.1 million against losses of €2.5 million in 2008.
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