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Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange (ELF26.RO), on Wednesday announced it had filed for insolvency with the Bucharest Court of Law, expressing intent to propose a reorganization plan and keep the right to manage its operations. ....
Online retailer Elefant, which has bonds listed on the Bucharest Stock Exchange, notified its shareholders on Monday evening that it dropped plans to sell 68.4% to Evolution Prest Systems SRL, which is 64% held by evoMAG founder and CEO Mihai Ispas Patrascu. ....
Online retailer Elefant.ro ended the first half of 2023 with a turnover of RON53 million, compared to RON95 million in the same period of 2022, and its loss remained unchanged, at RON11 million, as per its half-year financial report. ....