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Company bankruptcy

World news about “Company bankruptcy” published by euronews.

19/07 16:45 CET

Neckermann joins stricken retailers

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 bankruptcy protection from its creditors. The end came after its private equity owner refused to stump up the cash to pay off workers…