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A shake-up in the textile sector: Finlayson, Makia and Vallila to restructure their businesses

Summary by Iltalehti
The war in Ukraine, high interest rates and reduced purchasing power of consumers are behind the decision, informs the company. Manna & Co has filed an application with the Helsinki District Court for the initiation of corporate restructuring proceedings. The proceedings are also being sought against Finlayson, Makia and Vallila, which are subsidiaries of Manna.
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Talouselämä broke the news in on Friday, October 6, 2023.
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