The company expects to lose money on its United States operations for three or four years.
The store will also serve as the base for the company's United States operations.
United States operations have grown more slowly, particularly in the last year.
The company will not disclose the earnings of its United States operations.
He rose to executive creative director and chairman of the agency's United States operations.
They will continue to run the United States operation jointly.
He later helped to start and run its United States operations.
Many now have big United States operations and prefer to borrow for them in dollars.
"People don't like it now," he added, partly because of slow growth in its United States operations.
During the 1960s, the store company was largely a southern United States operation.
The company expects to lose money on its United States operations for three or four years.
The store will also serve as the base for the company's United States operations.
United States operations have grown more slowly, particularly in the last year.
The company will not disclose the earnings of its United States operations.
He rose to executive creative director and chairman of the agency's United States operations.
They will continue to run the United States operation jointly.
He later helped to start and run its United States operations.
Many now have big United States operations and prefer to borrow for them in dollars.
"People don't like it now," he added, partly because of slow growth in its United States operations.
During the 1960s, the store company was largely a southern United States operation.
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