“Daily operations are not affected by the process and customers can continue to shop as usual in store and online,” writes Lagerhaus.
The court has approved Magnus Löfving at Advokatfirman Lindahl in Gothenburg as a reconstructor.
“Inflation, Exchange Rates and Shipping Rates”
According to the chain, the restructuring is required to deal with liquidity problems.
“Inflation, exchange rates and freight prices have eroded margins at the same time as recession, high electricity prices and increased interest rates have reduced consumers’ purchasing space. In addition, the industry has been affected by significant rent increases and, in combination with the repayment of tax deferrals from the pandemic, liquidity challenges arise that now require action,” the company writes.
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