This morning's news from MLVN that its Singapore operation is to be closed marks a further stage in the company's ongoing response to the challenges posed by Covid-19, which have also included a fund-raise and a change in management. Loss-making 2018 and 2019, Singapore has this year confronted problems common to all global education businesses; and closure reflects recognition by management of the lack of a clear pathway to profitability for this business against this backdrop, not just in the ....
04 Aug 2020
WHI First Light: Malvern International (MLVN) - Closure of Singapore reflects improvement strategy for group
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WHI First Light: Malvern International (MLVN) - Closure of Singapore reflects improvement strategy for group
Malvern International plc (MLVN:LON) | 19.5 0 0.0% | Mkt Cap: 4.77m
- Published:
04 Aug 2020 -
Author:
Nick Spoliar -
Pages:
4
This morning's news from MLVN that its Singapore operation is to be closed marks a further stage in the company's ongoing response to the challenges posed by Covid-19, which have also included a fund-raise and a change in management. Loss-making 2018 and 2019, Singapore has this year confronted problems common to all global education businesses; and closure reflects recognition by management of the lack of a clear pathway to profitability for this business against this backdrop, not just in the ....