Drive Shack Inc. Provides Business Update Amidst Coronavirus Situation
Drive Shack Inc. (DS)
Last drive shack inc. earnings: 11/11 10:45 pm
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US:NYSE Investor Relations:
ir.driveshack.com
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--As part of Drive Shack Inc.’s (NYSE: DS) ongoing efforts to protect guests and employees in light of the COVID-19 health crisis, the company has temporarily closed all Drive Shack venues and the majority of its American Golf courses."Over the past several weeks, we have been navigating the rapidly evolving situation related to the COVID-19 outbreak, keeping the health and safety of our associates, managers and guests top-of-mind. Like other venue operators across the country, we have been forced to take immediate action in the most difficult of ways,” said Hana Khouri, Chief Executive Officer and President of Drive Shack.Alongside the venue and course closures, Drive Shack made the difficult decision to furlough nearly all venue level hourly associates and managers, along with a significant number of the corporate team, with the expectation that each will be able to return to their existing positions when operations resume. Similar actions were taken by
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