TGA thorn group limited
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News: TGA Thorn Group Says CEO Tim Luce To Leave Co

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    12/08/19
    11:30
    Post #: 39961539

    Aug 12 (Reuters) - Thorn Group Ltd (TGA) :

    • CHIEF EXECUTIVE OFFICER, TIM LUCE, HAS INDICATED HIS INTENTION TO LEAVE COMPANY TO PURSUE OTHER INTERESTS
    • OUTLOOK CONTINUES TO REMAIN CHALLENGING WITH DECLINING GROUP REVENUE, FLUCTUATING ARREARS & GENERAL MARKET UNCERTAINTY IN RETAIL SECTOR
    • A FURTHER 5 STORES IN TOTAL WILL BE CLOSED OVER NEXT 30 DAY PERIOD
    • THERE WILL BE $1.1M OF ONE OFF COSTS INCURRED IN EXITING LOCATIONS

    Source text http://bit.ly/2MUgqdu

    (([email protected];))

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