Search the Community
Showing results for tags 'bankrupcy'.
Today the Swedish company Teknik Magasinet filed for bankruptcy after failing their reconstruction. It is one of several Swedish companies that have failed recently and many other are struggling at the moment. With tougher competition, changes in peoples buying habits as well as more expensive rent I think we will see more brick and mortar based companies fold in 2020. After a few rough years for Teknik Magasinet and with a reconstruction started in the summer of 2019 they finally gave up the struggle and filed for bankruptcy. The company that started in 1989 have had a tough time adjust