DSG International could close 40 of its 150 Italian stores over the next two years after an operational review. Daily Telegraph
The move could result in 800 jobs being axed, although DSG says it will try to re-absorb the staff in other parts of its business.
John Browett, DSG’s recently appointed chief executive, is due to announce the first stage of a wide-ranging strategic review of the chain on May 15.
However, the company made an early announcement to the Stock Exchange about the possible Italian closures because it told its staff about the plan yesterday morning