Lever Style Corp. (HK:1346) has released an update.
Lever Style Corporation has announced that its largest customer, Express Inc., parent company of Bonobos, will be acquired by WHP Global following a court order. This change may impact Lever Style’s interim financial results due to $6 million in receivables and $9 million in inventory related to Express Inc. The company is in discussions with the new owners to clarify the situation ahead of its upcoming interim results announcement.
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