A truck is pictured outside the AO distribution centre in Crewe, Cheshire, Britain November 24, 2020. REUTERS/Carl Recine

LONDON, June 9 (Reuters) - British online electricals retailer AO World (AO.L) will close its business in Germany, it said on Thursday.

Having launched a strategic review of the business in January, AO concluded closure was the best course of action.

"This decision was based on the continuing deterioration in the outlook for the German business, as well as the board's responsibilities to shareholders and other stakeholders," AO said.

Source: Reuters

Powered by NewsAPI.org