US EditionChannel21 Files for Insolvency
4 Articles
4 Articles
He recently celebrated his 25th anniversary: now the teleshopping channel Channel21 is broke.
Sales? Teleshopping provider Channel21 is insolvent. According to DWDL, the District Court of Hanover has filed for interim insolvency proceedings. In the meantime, lawyer Stefanie Zulauf takes over control of the station, which was launched in 2001 as RTL Shop. It is intended to examine a possible reorganization of the sales channel. As with the station and its employees, it is unclear. Like the entire industry, the station suffers from the dec…
Channel21 files for insolvency
German teleshopping channel Channel21 has filed for insolvency, marking another blow to a sector already under significant pressure from shifting viewing habits and online competition. Only days after the broadcaster celebrated its 25th anniversary, the District Court of Hanover has opened preliminary insolvency proceedings against Channel21 GmbH, reports German industry publication DWDL. The court has appointed lawyer Dr Stefanie Zulauf as prel…
Channel 21, the successor of the RTL Shop, launched in 2001, is insolvent. The teleshopping station had celebrated its 25th anniversary just recently.
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