Neckermann joins stricken retailers
euronews (in English)
2012-07-19
Views 24
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 as part of a restructuring.
...
http://www.euronews.net/
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 as part of a restructuring.
...
http://www.euronews.net/
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