Home Improvement Products & Services Retailers
Clas Ohlson AB:Says taking next step in optimising UK store network.Says closure of five stores are confirmed.Says cost related to restructuring of UK store network is estimated to 107 million Swedish crowns, being booked as a non-recurring item in Q4 2015/16.Says yearly savings is estimated to 70 million crowns when in full effect as of FY 2017/18.Says plan is to open an additional one to two stores in London area during FY 2016/17.Says planning to close a total of seven store locations during FY 2016/17.
Watahan & Co Ltd:Announces merger between two Nagano-based wholly owned subsidiaries on April 1.The subsidiary engaged in sale of architecture and civil engineering, construction materials will remain.The subsidiary engaged in manufacture of steel structure will dissolve.
Dong Yi Ri Sheng Home Decoration Group Co Ltd:Says its Langfang-based wholly owned subsidiary to merge with its Beijing-based wholly owned subsidiary on Oct. 31.Says the Beijing-based wholly owned subsidiary to be dissolved after the transaction.
Kingfisher PLC:To close 60 B&Q stores in Britain over the next two years at a cost of 350 million pounds ($517 million), saying it has too many shops for the size of the market - Reuters.The B&Q closures would incur the company an exceptional charge of 350 million pounds, mainly related to lease provisions over two years.
Universal Engeisha Co Ltd:To merge with wholly owned subsidiary HM Works engaged in mail-order business, effective Dec. 25.Subsidiary to be dissolved.