Romanian Fashion Brands: Three Insolvencies And A Bankruptcy

06.23.2015 By Cristina Roşca

The financial crisis and the aggressive expansion of foreign brands, such as Zara, H&M and Deichmann, swept the local apparel and footwear market and the first to go down were the Romanian retailers, which chose to file for insolvency. In some cases, insolvency ended in bankruptcy instead of restructuring.

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Keywords:: fashion; , footwear; , retail; , insolvency

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