Economics

City shop bankruptcies explained

The bankruptcies of nearly 20 shops in Luxembourg City rocked the capital last week, but a complex network of companies and holdings is only beginning to be uncovered.

13.09.2013

(CS) The bankruptcies of nearly 20 shops in Luxembourg City rocked the capital last week, but a complex network of companies and holdings is only beginning to be uncovered.

Neither the administrator, labour unions or employees of the shops were able to determine immediately how many stores were affected by the bankruptcies announced last week.