RNB Retail and Brands has taken the decision to forcefully reduce/restructure the Norwegian operations in JC. More stores will thus be closed, a reduction from today's 21 stores to 5. These measures lay the foundation for minimized operating losses in JC Norway which amounted to -63 million SEK in the previous financial year. For further…
RNB is continuing its Group-wide program of change and will be opening a production office in Hong Kong on November 1, 2011. The office will coordinate production for the Polarn O. Pyret, Brothers & Sisters and JC subsidiaries, supported by satellite offices that will be opened in Shanghai and Dacca. The coordinated work method will…
As part of a broad turnaround plan RNB RETAIL AND BRANDS AB will reorganize in order to improve efficiency and reduce costs. The plan includes a reduction of 30 members of staff with a profit impact of 15MSEK annually with full effect the current year 2011/2012. The reorganization encompasses product and assortment development, design and…
"Marthyn Inghamn is one of Sweden's most experienced executives when it comes to jeans and relating accessories. The fact that we have now reached an agreement with Marthyn is a key step in the development of JC," says Magnus Håkansson, Chairman of the Board and forthcoming President and Chief Executive Officer of RNB RETAIL AND…