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Felix Group reviews business model
November 29, 2007
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ClaudeHemscott: Multifunctional retail kiosks maker Felix Group PLC said it has begun a detailed review of the viability of the group's business model. The company said the results of its initiatives, including placing trial kiosks with High Street retailers to evaluate the commercial returns and adding applications to the portfolio of Max Boxes with the aim of achieving a near-term break-even position at kiosk contribution level, have been disappointing, particularly when the cost and time of providing central support and marketing are taken into account.
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