Bourrelier Group SA (FR:ALBOU) has released an update.
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Bourrelier Group, following its 2020 acquisition of cycling industry leader MAVIC, is addressing significant challenges due to market downturns, with a forecasted turnover drop and continued losses. Despite these issues, the company is committed to supporting MAVIC financially and has appointed Alberto Morgando as General Manager to steer through these difficulties. Bourrelier Group will release its half-year results in October 2024, amidst ongoing industry headwinds and high inventory levels.
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