Home Biz Operations ABFRL to shut retail stores till March 31

ABFRL to shut retail stores till March 31

ABFRL to shut retail stores till March 31
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Aditya Birla Fashion and Retail Ltd (ABFRL) said it will shut all its retail across India till March 31, in order to ensure safety of its employees across all its establishments from the coronavirus pandemic.

The company has also stopped its factory operations in Karnataka, Tamil Nadu and Odisha till March 31, 2020, in line with the local guidelines, Aditya Birla Fashion and Retail said in a regulatory filing.
“In order to safeguard the risks to the health of our store employees and customers, as well as in line with the advisories from local, state and central government, the company has decided to shut all its retail stores until March
31, 2020″, it said.

The company had already moved to ‘work from home’ policy for all its office employees. “The business of the company has been significantly affected over the last few weeks and will continue to be materially impacted due to the current crisis. The uncertainty around the situation makes it difficult to ascertain the exact impact at this point in time”, the company said.

The company further noted that it will continue to assess the situation and will consider the resumption of its business operations at an appropriate time.

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