Business · Companies · 10 hrs ago

McMakler faces a shrinking business as new leaders seek profitability

McMakler faces a shrinking business as new leaders seek profitability

McMakler, a German real estate start-up, is in a deep crisis after a shift in interest rates.

The company operates in the property market, where higher borrowing costs followed that shift.

Its business continues to shrink, according to the available information.

A new leadership team is now trying to turn the company around.

Its goal is to make McMakler profitable.

The effort matters because the company’s business has continued to weaken.

Whether the turnaround will work remains unclear, and no further steps are specified.

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