March 20, 2020 / 6:44 AM / 21 days ago

BRIEF-Venue Retail Group Updates On Financial Situation

March 20 (Reuters) - Venue Retail Group AB:

* SAID ON THURSDAY CORONAVIRUS LEADS TO SEVERE LOSS OF INCOME AND LIQUIDITY SHORTAGE

* EXPECTS TOTAL SALES IN LATEST DAYS ABOUT 70-80% LOWER YOY

* APPLIED FOR FINANCING OF SEK 60 MLN AS LIQUIDITY SHORTAGE EMERGED, BUT DID NOT RECEIVE IT

* WILL ANALYSE ALTERNATIVES, INCLUDING POSSIBLE BANKRUPTCY

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Further company coverage: (Gdansk Newsroom)

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