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LONDON, June 9 (Reuters) – British on-line electricals retailer AO World (AO.L) will close its business in Germany, it mentioned on Thursday.
Having launched a strategic evaluate of the business in January, AO concluded closure was the very best plan of action.
“This decision was based on the continuing deterioration in the outlook for the German business, as well as the board’s responsibilities to shareholders and other stakeholders,” AO mentioned.
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Reporting by James Davey; enhancing by Jason Neely
Our Standards: The Thomson Reuters Trust Principles.
UK electricals retailer AO World to close German business & More Latest News Update
UK electricals retailer AO World to close German business & More Live News
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UK electricals retailer AO World to close German business & More News Today
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