Further update on the impact of the Corona virus on the Björn Borg Group
As previously communicated, the outbreak of the Corona virus has negative impact on the Björn Borg Group’s business. Björn Borg continues to take measures to minimize the negative effects of the outbreak and plans to reduce the number of employees with approximately 19. persons at the headquarters in Stockholm during 2020, after negotiations with relevant unions have been concluded. The estimated annual savings from the planned staff reduction is approximately SEK 20 million.The company continues to see negative effects of the outbreak in the retail market with significantly reduced