Moneycontrol
Last Updated : Apr 11, 2017 08:20 AM IST | Source: CNBC-TV18

Plan to turnaround the company, close loss-making stores, says Archies CEO

Working on a complete turnaround of the company, says Seshan Ranganathan, CEO of Archies.

Working on a complete turnaround of the company but the plans are not in public domain yet, said Seshan Ranganathan, CEO of Archies.

Speaking to CNBC-TV18, he said we will be shutting down loss-making stores as part of the restructuring process. Around 10-20 percent of stores are loss-making and so, we are looking at rationalising them, he said.

Watch accompanying video for more details.
First Published on Apr 10, 2017 03:46 pm
Sections
Follow us on
Available On