Brief: Refine's Folkhemmet Applies For Reorganisation
13/03/2025 06:59
March 13 (Reuters) - Refine Group AB (publ) REFINE.ST: SAID ON WEDNESDAY BOARD OF DIRECTORS OF SVENSKA FOLKHEMMET MÖBLER & INREDNING AB, A SUBSIDIARY OF REFINE GROUP HAS FILED FOR COMPANY REORGANISATION DURING REORGANISATION PERIOD, BUSINESS WILL BE CONDUCTED AS USUAL WITH CERTAIN MEASURES TO STRENGTHEN THE COMPANY'S LIQUIDITY AND PROFITABILITY GOING FORWARD DECISION IS DUE TO THE FACT THAT FOLKHEMMET IS UNABLE TO PAY ITS DEBTS AS THEY FALL DUE BACKGROUND TO THE LIQUIDITY SHORTAGE IS, AMONG OTHER THINGS, THE CHALLENGING MARKET CONDITIONS IN THE FURNITURE TRADE IN RECENT YEARS Source text for Workspace: nMFN6nb47v Further company coverage: REFINE.ST (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))