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Deacons branch closures signal looming job losses
Deacons joins a host of Kenyan firms that are downsizing, including banks and manufacturing firms, casting a dark cloud on the shape of the economy. PHOTO | FILE
Clothing retailer Deacons #ticker:DCON is set to close a number of its stores by end of next month in a move expected to render an undisclosed number of employees jobless.
The NSE-listed firm has attributed the closures to subdued sales, which have forced it to restructure its business.
