Industry News

GVC Updates on Covid-19 Impact

Published

4 years ago

November 3, 2020

Niji Narayan

Reading Time: < 1 minute

GVC Holdings has provided an update on the impact of enforced store closures across the UK and European retail as a result of further restrictions due to Covid-19.

“The well-being, safety and security of our colleagues and customers is of paramount importance to us. We are following government advice in each area of our operations and are enacting contingency plans to minimise the impact on the business,” the company said.

“Further restrictions have now been imposed in England, in addition to those already in place across our wider UK retail and European retail operations.

“In order to provide clarity on the impact of the enforced store closures on our retail operations, we have set out the approximate impact on EBITDA as a result of current closures for the required durations and the impact if all retail stores were to be closed for a full month.”

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.