The board of Hövding Sverige AB has decided to file for bankruptcy.
The reason is that on November 1, 2023 the Swedish Consumer Agency imposed a temporary sales freeze on the company and then on December 15, 2023 announced a permanent sales freeze.
Hövding is clear that it does not share the Consumer Agency’s conclusion and has appealed the decision
“Today we received word that the Administrative Court approves Hövding’s request for inhibition, which overturns the Swedish Consumer Agency’s decision to immediately stop sales and recall and means that Hövding 3 can still be sold. However, the damage caused by the actions of the Swedish Consumer Agency is so extensive that the board does not see that there is a basis for continuing the company,” writes the company.
The text is updated.