US EditionAsko and Sotka owner files for bankruptcy in Finland
12 Articles
12 Articles
Helsinki Times
einnews.comAsko and Sotka owner files for bankruptcy in Finland
Indoor Group, the owner of Finnish furniture chains Asko and Sotka, has filed for bankruptcy after prolonged financial distress and failed funding negotiations. The company confirmed on Monday that the bankruptcy application was submitted to the court the same day. Its subsidiary, sofa manufacturer Insofa, filed a separate application at the same time. Indoor Group said attempts to secure financing through corporate arrangements continued for mo…
Indoor Group Oy and Insofa Oy announce that they have filed for bankruptcy today.
If a company is declared bankrupt, it no longer has the right to dispose of the assets of the bankruptcy estate.
Indoor Group Oy, the owner of Asko and Sotka, and its subsidiary, furniture manufacturer Insofa Oy, are filing for bankruptcy. The companies filed for bankruptcy on Monday due to a prolonged difficult financial situation.
The companies behind Asko and Sotka are filing for bankruptcy. The background is a long-standing crisis.
Indoor Group's subsidiary Insofa also filed for bankruptcy.
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