Swedish fashion retailer MQ files for bankruptcy
16/04/2020 08:12
STOCKHOLM, April 16 (Reuters) - Swedish fashion retailer MQ
MQH.ST will file for bankruptcy on Thursday, it said in a
statement.
"The decision to file for bankruptcy is based on a
significant decrease in the level of sales in March and
beginning of April and which is considered to have a significant
impact on the consumer market for a longer period even after
COVID-19," it said.
(Reporting by Anna Ringstrom; editing by Johannes Hellstrom)
((anna.ringstrom@thomsonreuters.com; +46 8 502 423 74; Reuters
Messaging: anna.ringstrom.thomsonreuters.com@reuters.net))