[ad_1]
Clothing company MQ has had financial challenges for a long time. On April 16, they filed for bankruptcy, which was granted by the district court. In the application to the District Court, the company writes: “The company lacks the ability to pay its clear and past due debts. This incapacity is not only temporary and, therefore, the company is insolvent. “
Initially, the bankruptcy manager made a sale in stores, but in parallel he worked to sell the entire business to a new owner.
READ MORE High pressure on export sales after MQ bankruptcy
Canceled sales
On Monday, the stores are closed and sales are canceled.
A new owner could also be in place in the coming days.
– I hope to introduce a new owner later this week, bankruptcy manager Lars-Henrik Andersson tells Market.se.
The text is updated.
Don’t miss the latest from GP Finance!
Now you can get all of our financial news, reports and analytics as a little note right on your phone.
Click the Continue Here button next to the Economy tab!
Do you want to know more about how GP works with quality journalism? Read our ethical rules here.
