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Company bankruptcy

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Business

Saddled with 1.3 billion euros of debt, Greek retailer Marinopoulos gets bankruptcy protection

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Greece's biggest supermarket chain, Marinopoulos, has gained protection from its creditors from an Athens court while it restructures. It has debts of 1.3 billion euros, half to banks and half to supp

Business

Neckermann joins stricken retailers

Another major name in German retailing is out of money and out of time. Mail order company Neckermann said it was insolvent and applying for

Another major name in German retailing is out of money and out of time. Mail order company Neckermann said it was insolvent and applying for

News

Schlecker to shed 12,000 jobs as rescue deal blocked

Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free

Nearly 12,000 employees of a struggling German drugstore chain faced an uncertain future on Thursday after a rescue package was blocked by the Free

Business

Schlecker confirms insolvency

German retailer Schlecker has said it is insolvent and has not been able to secure funds to keep it afloat during restructuring. The company is

German retailer Schlecker has said it is insolvent and has not been able to secure funds to keep it afloat during restructuring. The company is