[ad_1]
THE WHAT? The Physique Store’s new proprietor, Aurelius is claimed to be getting ready to dump elements of the moral magnificence model’s worldwide enterprise. The Physique Store is reported to have signed an settlement to promote its mainland Europe unit and elements of its Asia arm to ‘a world household workplace’.
THE DETAILS In response to a report revealed by Retail Gazette, monetary phrases of the deal haven’t been disclosed. The portion being offered quantities to 14 p.c of exterior international gross sales and received’t have an effect on UK operations or international head franchise companions.
THE WHY? The Physique Store advised Retail Gazette that the sale is designed to liberate assets, enabling it to deal with ‘strategically essential markets’.
[ad_2]
Source_link
