Voir Holdings Bhd ... July 09

The company planned to expand on its diversification into the food and beverage sector by opening two more "Garden Lifestyle Store and Cafe" outlets, which are annexed to Voir stores, by year-end.

They will spend between RM1.6 million and RM2 million on both cafes, depending on its size.

While its core business remains in fashion retailing, they are offering lifestyle choices to its customers.

Voir would also continue to explore new product lines, including expanding the sub-labels under existing brands. "Currently, Voir has 17 brands and sub-labels including the Garden Cafe," he said.

Voir's revenue fell 4.76% to RM35 million in its first quarter ended March 31, 2009 from RM36.75 million a year earlier due to the economic slowdown, while its net profit fell 72% to RM719,000 from RM2.67 million due to lower sales and higher c
cost.