ghd Company said, with the franchise business, communication and the sharing of a franchise fair termination, step-by-step has signed a franchise agreement termination. At December 27, 2007, with all the 19 GHD has a franchise business has signed a franchise termination of the agreement, according to the Agreement, the contract on the date of entry into force, the franchisee shall not be in any occasion to GHD name for any form of business,http://www.ghdstraighteneraustraliax.net/ advertising.
Also, the period of not joining the expiration of a franchise business, ghd australia advance to pay the penalty of RMB 13.75 million Dollars total. While GHD with the franchise business a consensus, and to undertake its business channel, and purchase of fixed assets and a property chain, the total price paid for a total of RMB 285.85 million yuan. Arrangements for staff GHD agreed in principle to accept all, and enjoy a consistent with the company's employee's pay scales, benefits, and equity incentive policies excitation, and policies.
ghd hair straightener australia announced that it would relinquish its global GHD losses of the business, the business focus on the LCD and organic light emitting diode 2 two flat panel technology. A spokesman for the GHD said, as the popular and growing size, GHD recent sales have been declining. This year will be October, GHD its global sales forecast from the original cut of 700,000 to 400,000 and was far lower than that of the previous fiscal year 1.1 million in sales.
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