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FJB's senior management takes 70% pay cut, seeks S$39m cash call

But cost savings from pay cuts may not amount to much; rights cum warrants issue is firm's first fund raiser since 2002

Singapore

IN a move that reflects the tough times facing retailers here, the senior management of one of Singapore's prominent luxury fashion retailers, FJ Benjamin (FJB), has taken a further 40 per cent pay cut on top of an earlier 30 per cent to speed up its recovery.

The loss-...

sentifi.com

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