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Sasa to close all retail stores in Singapore
An honorable member of the Coffee Shop Has Just Posted the Following:
Cosmetics retailer Sasa International announced on Monday (Dec 2) that it will close all 22 stores in Singapore. About 170 employees will be affected by the decision, the company said in its statement, adding that they will be "fully compensated" according to local employment laws and regulations. The Group's performance in Singapore has been less than satisfactory for many years, and has recorded losses for six consecutive years," Sasa said. In the six months ended Sep 30, the Group’s... Sasa to close all retail stores in Singapore Click here to view the whole thread at www.sammyboy.com. |
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