Future Lifestyle Fashions Ltd - 536507 - Intimation Of Disruption Of Operations In The Wake Of Coronavirus (COVID-19) Outbreak
This is to inform that in the wake of novel coronavirus (COVID-19) outbreak, most of Company's fashion retail stores ('Central', 'Brand Factory', 'aLL' and other exclusive brand stores) have been temporarily shut down, as per the advisory issued by the respective local authorities and State Governments. The Company would also be required to temporarily shut the functional stores, if it is mandated by the advisory issued by the respective regulatory authorities. In view of the uncertainty created globally by this pandemic, the business of the Company is adversely affected by temporarily shut down of stores, de-growth of revenue, drops in footfalls and discretionary spending by the Customer. The expected impact of COVID-19 as of now, is hard to ascertain. Kindly take the above information on your records.22-03-2020