'Business since usual' after Endless Jewellery collapse

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goldcharms11

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The Australian retail stockists of Endless pandora charms on sale have been advised it will likely be "business as usual" despite the
business filing for bankruptcy around Germany. German Insolvency Apply
for records indicated that Almost endless International GmbH, which is
headquartered and registered around Germany, initiated insolvency
proceedings on 18 November. YOUR statement issued by Almost endless
International GmbH confirmed that action, explaining that shareholders,
board of directors along with management had "reached the conclusion to
declare the business bankrupt". "Management and shareholders are already
trying hard to confirm a financial and sound business and they have
spent considerable resources to locate a sustainable model for that
future. However, this has appeared to never be possible, " the
particular statement read. Peter Jakobsen, managing partner on the
brand's Australian and Brand new Zealand distributor, Nordic Jewellery,
told Jeweller he was cognizant of the "difficulties" Endless
encountered; however, news of the bankruptcy came as a "complete
surprise".

"We are hopeful pandora charms clearance that Endless overseas will continue using form, " Jakobsen mentioned,
adding, "Endless is represented within almost 35 countries world wide;
we continue to rely on the brand and the product. "When asked what the
announcement for the purpose of local Endless stockists, your dog
replied: "We still have Endless stock and some very good Endless
retailers, so for now it will likely be business as usual and we will
continue to support our retailers the slightest bit we can. "Jakobsen
mentioned that Nordic, which likewise holds the distribution rights for
Chrysalis and Waterford Ravenscroft crystal jewellery ranges, would
continue to keep operate as normal. It could appear, according to the
actual Endless statement, that among the contributing factors to the
particular company's financial struggles had been its "right to return"
sales structure.

"In February 2016, the company announced pandora jewelry online store that it had for you to adjust the sales stats for products sold with to
certainly return and unfortunately the next cost savings were not
sufficient to make a turn-around and the end result hereof is to declare
this company bankrupt, " the discharge read. Endless founder Jesper
Nielsen, who parted ways with all the company in February in 2010, made a
comment on his Facebook page in which suggested he was needed for an
unsuccessful bid purchasing the business in an hope to save it from
bankruptcy. "We did everything we could to get the business back inside
last three weeks although not even the shareholders could find a way to
agree, " he published. www.jewelry-store-outlet.com.

Posted 01 Dec 2016

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