NoHo Partners PlcSTOCK EXCHANGE RELEASE 25 February 2021 at 10:45 am NoHo Partners initiates new cooperation negotiations to adapt its operations to restaurant closings NoHo Partners Plc will start new negotiations in accordance with the Cooperation Act to adapt its operations to the hospitality closure measures published today by the Finnish government, which will take effect on 8 February 2021 The aim of the negotiations is to minimize the economic impact of the COVID-19 pandemicHe about 1250 people in Finland In addition, the effects of restaurant restriction measures are indirectly reflected in the roughly 2000 temporary workers of the company against negotiations can lead to a reduction of jobs and layoffs in part-time and full-time. We will immediately take measures to close the restaurants and thus lay off employees for the duration of the closure. Now the last round of the Corona fight begins That takes perseverance from us, our customers and, most importantly, from our staff, I believe that with the measures now being taken and the progress of the vaccination pace, we will be able to start the recovery phase as planned in the summer and return to a more normal life says Aku Vikström, CEO of NoHo Partners

For more information, please contact: Aku Vikström, CEO, tel 358 44 011 1989 Jarno Suominen, Deputy Managing Director, tel 358 40 721 5655

Distribution: Nasdaq HelsinkiMajor mediawwwnohofi / enNOHO PARTNERS PLC is a Finnish group specializing in restaurant services founded in 1996.The company, which was listed on NASDAQ Helsinki in 2013 and was the first Finnish publicly listed restaurant company, has continued throughout its history strong growth The group companies include around 250 restaurants in Finland, Denmark and Norway The company’s well-known restaurant concepts include Elite, Savoy, Teatteri, Ja Ja Ja, Stefans Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs and Cock’s & Cows Je Depending on the season, the group employs around 2100 employees who have been converted to full-time employees. The company’s vision is to be the most important restaurant company in the Nordic countries wwwnohofi

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US. Consumer spending rose the most in seven months in January, as the government distributed more pandemic aid to low-income households and new COVID-19 infections fell, positioning the economy for faster growth in the first quarter despite the sharp rebound in consumer spending Reported Friday by the Commerce Department, price pressures were subdued Inflation is being watched closely amid concerns from some quarters that President Joe Biden proposed $ 9 trillion COVID-19 recovery packages could cause the economy to overheat >

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World news – FI – NoHo Partners starts new cooperation negotiations to adapt its business to restaurant closings

Source: https://finance.yahoo.com/news/noho-partners-launches-co-operation-084500203.html