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ADLER FASHION CHAIN FILES FOR BANKRUPTCY

... clothing chain - Adler reported filing bankruptcy petition in the district court. It is assumed that the organization will face restructuring under the supervision of an interim manager. Adler brand has twenty-four branches operating in Austria. The fashion chain was unable to survive the unprecedented 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 ...

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