8th Jun 2009 16:11
For immediate release
Global Brands S.A. (the "Company")
Market update
The Company wishes to announce that it has today terminated, with immediate effect, the engagement of Mr Amir Hasson, pursuant to the terms of Mr. Amir Hasson's Appointment Agreement with the Company dated 11 February 2008. The Company has terminated Mr. Amir Hasson's engagement with the Company following its investigation into his day-to-day management of the Company and after a disciplinary meeting held on 27 May 2009.
For further information contact:
Global Brands S.A.
Simon Bentley, Senior Non-Executive Director Tel: (0)20 7726 7010
www.globalbrands.ch
ZAI Corporate Finance Ltd
Thilo Hoffman Tel: (0)20 7060 1760
Charity Walmsley Tel: (0)20 7060 1760
www.zimmint.com
Alexander David Securities Ltd
David Scott Tel: (0)20 7448 9830
www.ad-securities.com
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