Franchise Brands has released a trading update stating that Q1 trading was strong and in line with management’s expectations. However, COVID-19 is beginning to have an impact on the business and the Board is taking a number of measures to mitigate its effects including reducing higher paid staff salaries by 20% and the Board’s, collectively, by 50%. The B2B businesses are still operating as normal and are expected to do so through the length of the crisis but at reduced volumes. T
30 Mar 2020
Strong Q1, but Covid-19 likely to disrupt operations
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong Q1, but Covid-19 likely to disrupt operations
Franchise Brands plc (FRAN:LON) | 192 0 0.0% | Mkt Cap: 372.1m
- Published:
30 Mar 2020 -
Author:
Ian Jermin -
Pages:
3
Franchise Brands has released a trading update stating that Q1 trading was strong and in line with management’s expectations. However, COVID-19 is beginning to have an impact on the business and the Board is taking a number of measures to mitigate its effects including reducing higher paid staff salaries by 20% and the Board’s, collectively, by 50%. The B2B businesses are still operating as normal and are expected to do so through the length of the crisis but at reduced volumes. T