Creditors of bankrupt Cosmos welcomed the decision to close down all branches of the electronic consumer goods chain, according to a lobbyist.Wolfgang Hrobar of the Alpine Creditors Protection Association (AKV) said today (Mon) the broke companys more than 1,500 creditors were happy about the decision to shut all 27 shops since it ensured personnel and […]
Bankrupt electronic consumer goods chain Cosmos will be liquidated, it has been announced today (Fri).The Creditors Protection Association of 1870 (KSV 1870) said the decision was made after negotiators failed to find a “suitable follow-up solution” for the company which went bust earlier this year.KSV 1870 said the remaining articles would be sold at its […]
Bankrupt electronic chain Cosmos will end its sale and close its remaining 17 stores tomorrow (Sat), the company announced yesterday (Thurs).The chain has already closed 10 stores and laid off 324 employees.The closures mean 1,160 employees will lose their jobs. Vienna employees will be able to find places in a regional foundation (RI) at which […]
Austrian consumer electronics chain Cosmos is bankrupt after failing to obtain a forced settlement with creditors, according to the Alpine Land Credit Protection Association (AKV).It said prospective investors had decided to take a significantly reduced part of the Cosmos chain, 10 of its 27 stores would be closed and 400 workers would lose their jobs.Bankruptcy […]