Vita Group (ASX:VTG) - CEO & Executive Director, Maxine Horne
CEO & Executive Director, Maxine Horne
Sourced: Real Estate
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Aussie retailer Vita Group (VTG) will temporarily close its network of Skin-Health and Wellness (SHAW) clinics due to government restrictions
  • Under the Australian Government’s new restrictions, beauty services, which include Vita’s aesthetic clinics, have been forced to suspend trade
  • As Vita represents a variety of brands, it is pleased its ICT channel remains open after being deemed an essential service
  • CEO and Executive Director Maxine Horne has commented saying she’s disappointed but prioritises the safety of her employees and clients
  • Vita Group is up 4.62 per cent and shares are trading for 68 cents each

Aussie retailer Vita Group (VTG) has announced it will temporarily close its network of Skin-Health and Wellness (SHAW) clinics.

This decision comes off the back of the Australian Government’s stage two restrictions.

Under the Australian Government’s new restrictions, beauty services, which include Vita’s network of aesthetic clinics, are forced to suspend trade from midnight Wednesday 25 March.

“We are disappointed, but we understand the government’s decision to temporarily suspend beauty services. The safety and wellbeing of our people, clients and communities must take priority,” CEO and Executive Director Maxine Horne said.

Vita is a leading retailer enhances the customer experience across a wide range of brands. These brands include Telstra, Sprout, Artisan Aesthetic Clinics, and SQD Athletica.

As it has been deemed an essential service by the Australian Government, Vita’s Information and Communications Technology (ICT) channel remains open for business.

“The Vita leadership team is proactively managing its business continuity plans in these unprecedented circumstances with the aim of placing the business in the best possible position for our longterm future,” Maxine added.

Vita Group is up 4.62 per cent and shares are trading for 68 cents each at market close.

VTG by the numbers
More From The Market Herald

" Unibail-Rodamco-Westfield (ASX:URW) rebrands three flagship centres

Unibail-Rodamco-Westfield (ASX:URW) has rebranded three flagship centres in Madrid, Stockholm and Warsaw
BetMakers (ASX:BET) - CEO, Todd Buckingham

" BetMakers (ASX:BET) OM Apps updates agreements with The Waterhouse Group

BetMakers (ASX:BET) subsidiary, OM Apps, has signed an updated agreement with two divisions of The Waterhouse…
Webjet (ASX:WEB) - CEO Webjet OTA, David Galt

" Webjet (ASX:WEB) returns to profitability after COVID-19 turbulence

Online travel booking company Webjet (ASX:WEB) sees a business turnaround for the second half of FY22…

" BikeExchange (ASX:BEX) CEO resigns ahead of capital raise and court complaint

BikeExchange (ASX:BEX) has released a strong of announcements today including a senior management reshuffle, a capital…