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Provider: Reuters Investment Profile
Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)

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Rnb Retail and Brands AB Restructures JC Operation

Wednesday, 8 May 2013 02:49am EDT 

Rnb Retail and Brands AB announced that as a result of a strategic review of the JC operation, it was decided that the operation will be restructured and a number of unprofitable stores will be closed. In connection to the restructuring and the review of the assortment Mr. Peter Bondelid will assume the position as Chief Executive Officer (CEO) of JC succeeding Mr. Marthyn Inghamn. The decision will have immediate effect and the recruitment of a new CEO has started. Which stores that has been decided to be closed and the timetable for the closure will be determined and communicated during May. There will also be additional measures linked to the restructuring communicated during May. RNB will also perform an extensive review and reorientation of JC's the non-jeans assortment. 

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