If that's the case then I must have missed it, but go on then and enlighten me.
Have the new management quit daigou and O2O channel? It simply does not say in the strategic review.
The trading update they gave in June said the following:
"The Company has already made significant progress on right sizing the cost base supporting the China businessand resetting the China strategy with a view to creating a truly diversified multi-channel approach. The Company willcomment further on its future prospects in China once its strategic review is complete."
Well, the review is completed and apparently they are going to have a multi-channel approach, consisting of CBEC, and what else exactly? It is the most basic of details and it does not say. So please enlighten me if this really has been said elsewhere.
Ann: Strategic Review - Presentation, page-21
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