CHINA: Joyce Boutique Considers Closing Ad Hoc Division
Ad Hoc, the loss-making young fashion division owned by Hong Kong fashion retailer Joyce Boutique Holdings Ltd is being reviewed to "stop it from dragging down the performance of the entire group." Speaking at the company's annual general meeting, managing director Adrienne Ma said the company was considering "drastic changes" within the division, and could even pull out of this competitive market sector.
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