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« To improve our economic performance, we have begun streamlining our store network: closing unprofitable stores, converting integrated sites to franchises, carefully selecting our new franchise partners and opening new stores with high potential, » recently appointed CEO Philippe Palazzi said in a statement. In March last year, the national financial prosecutor first revealed details of the investigation being launched in February 2020. The probe was launched after the prosecutor’s office was alerted by France’s AMF market watchdog, a source had told Reuters.
A week on from the release of a scathing report that declared it was unsuitable to take back control of its lucrative Sydney casino licence, the company’s board confirmed it was in talks over its short-term financial position « in light of adverse trading and other conditions ». (Reporting by Anandita Mehrotra and Aishwarya Jain in Bengaluru; Editing by Tasim Zahid) The Nevada-headquartered company’s quarterly adjusted profit per share of 86 cents also came ahead of Wall Street expectations of 62 cents.
