Zimpricecheck.com
June 10, 2025 at 06:54 AM
🛒 OK wants to be OK and they are not done yet. There's no sugar-coating it; OK has faced a challenging two years. This month, they will be shutting down their Food Lovers outlets.
However, the company is aware of its dire situation. Recently, they changed management, bringing back veterans who previously ran the retail chain to help stabilize operations. While stores are not bustling with activity and many items are still missing from shelves, some improvements are noticeable.
OK is determined to move forward, aiming to raise US$30 million in funds. In a recent cautionary statement, they revealed that their plans are at an advanced stage. This funding will be crucial to revitalizing core operations, paying suppliers, and restocking shelves.
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