30.Apr .2020 11:41

"Retail turnover will be reduced by 40%" - "Retail Group Georgia"

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Rezo Magalashvili, Director of Retail Group Georgia, spoke about the company's financial problems on TV-program Business Morning.

According to him, there are practically no funds at this stage, respectively they plan to take some steps to reduce thier business.

"We may need to take some steps to reduce the business. It all depends on when we open and whether we open in the period that was announced. What will be the turnover? - We estimate that by 2020 turnover will be reduced by about 40%." - Rezo Magalashvili says.