Business · Companies · 13 hrs ago

Bruna owner Audax faces possible bankruptcy

Bruna owner Audax faces possible bankruptcy

Audax, the owner of Bruna, is in serious financial trouble and faces the possibility of bankruptcy.

Bruna is an office and stationery retailer.

Audax asked a court in Breda for a cooling-off period as it deals with its financial problems.

The court granted the request last Friday.

The court's decision does not change the fact that bankruptcy is a risk for the company.

The cooling-off period is the latest development in Audax's efforts as it faces that risk.

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