On 1 September 2007, the director of EK decided to sell EK's retailing division and concentrate activities entirely on its manufacturing division. The retailing division was available for immediate sale, but EK had not succeeded in disposing of the operation by 31 October 2007. EK identified a potential buyer for the retailing division, but negotiations were at the early stage. The Directors of EK are certain that the sale will be completed by 31 August 2008