CANADA: Fashion Chain Pantorama Exploring Strategic Options
The Montreal-based operator of more than 150 stores is currently shutting its loss-making stores as part of restructuring drive amid weak consumer spending and fierce competition.
Pantorama said in a short statement its board "is currently evaluating strategic alternatives for enhancing shareholder value".
"These alternatives may include an amalgamation, merger, sale, joint venture or acquisition," it added without giving any further details.
The retailer last month posted a six month loss of C$6.7 million versus C$2.5m last year as sales slumped 13 per cent year-on-year to C$42.3m.
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