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BRIEF-Taste Holdings says not to sell luxury goods division
September 29, 2017 / 9:40 AM / 2 months ago

BRIEF-Taste Holdings says not to sell luxury goods division

Sept 29 (Reuters) - Taste Holdings Ltd:

* ‍HAVING INITIATED A PROCESS FOR SALE OF LUXURY GOODS DIVISION COMPANY HAS CONCLUDED THAT IT IS NOT OPPORTUNE TIME TO EXECUTE SUCH A SALE​

* ‍THIS IS DUE TO CURRENT PREVAILING MACRO-ECONOMIC ENVIRONMENT AND GENERALLY TOUGH RETAIL TRADING CONDITIONS​

* EVALUATING ALTERNATIVES TO SETTLE ITS DEBT WHICH MAY HAVE A MATERIAL EFFECT ON PRICE OF COMPANY‘S SECURITIES Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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