Bloomberg Law
Free Newsletter Sign Up
Bloomberg Law
Free Newsletter Sign Up

Norway Sporting Goods Retailer Gresvig Files for Bankruptcy

Feb. 3, 2020, 9:39 AM

Owner of G-Sport and Intersport in Norway has filed for bankruptcy, according to a statement from Gresvig’s board distributed by NTB.

  • Says the costs and liabilities associated with operations are considered to be not sustainable
    • CEO Lars Kristian Lindberg says it is possible to find stakeholders for further operations
  • Filed with Heggen og Froland District Court and will cover all self-owned stores
    • 100 franchise shops aren’t included in the bankruptcy
  • Group consists of about 95 self-owned stores with more than 2,200 employees and sales of NOK3.2b in 2019

To contact the reporter on this story:
Stephen Treloar in Oslo at ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.