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ADLER FASHION CHAIN FILES FOR BANKRUPTCY

Lockdown, which was introduced in Austria in mid-December, has led to the bankruptcy of a famous clothing chain - Adler reported filing bankruptcy petition in the district court. It is assumed that the ... ... drop in sales that coincided with the period of Christmas holidays. Almost all 24 branches were closed and due to this fact the retailer turned out to be practically insolvent. In total, Adler employs more than 3.35 thousand employees that work in 171 stores....

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