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Wellness and Beauty Solutions (ASX:WNB) temporarily closes beauty stores

Consumer Discretionary
ASX:WNB
24 March 2020 14:45 (AEST)
Wellness and Beauty Solutions (ASX:WNB) - CEO, Christine Parkes

Source: Professional Beauty

Wellness and Beauty Solutions (WNB) has temporarily closed its doors due to the COVID-19 pandemic.

The company has shut down its nine Immersion Clinical Spas following the social distancing rules which was recently introduced by the Federal Government.

In taking this action, the company was aware of the need to lower the risk to the community. Wellness and Beauty believe this is the best action for its staff and clients.

Staff at the clinics have been made aware of the closure and will be stood down until it is safe to return to work.

“This means WNB can now concentrate even more on its brand portfolio, including MICRO19, the company’s response to the rapid spread of COVID-19,” CEO and Managing Director Christine Parkes said.

“Specifically, we are focussed on delivering on our recently announced MICRO19 sanitiser range and furthering our product pipeline across our retailer partnerships,” she added.

Wellness and Beauty’s other operations, The Giving Brands Company and True Solutions Australia, are taking the appropriate measures when it comes to social distancing.

The company said it will update the market on the impact of COVID-19 when it receives more information.

Last week, the beauty company launched its sanitiser range, MICRO19, as a response to the COVID-19 pandemic.

Wellness and Beauty are in the grey on the market this morning, trading at 0.5¢ per share at 1:22 pm AEDT.

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