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Around 40 creditors and nine employees are affected, the Alpine Creditors Association (AKV) and KSV1870 announced in broadcasts on Thursday. Information on liabilities was not initially available. A continuation of the company is planned.
Declines in sales due to the corona pandemic as well as price increases in production and changed consumer behavior were cited as the main causes of insolvency. According to its own information, Blaumax mainly sells outerwear for women, with the main focus of its wholesale business being in Germany.
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