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âBusiness as usualâ after Endless Jewelry collapse
6.6 k views | Posted November 29, 2016 | By Staff Journalist The Australian retail stockists of Endless Jewelry have been advised it will be “business as usual” despite the company filing for bankruptcy in Germany.
German Insolvency Register records indicated that Endless International GmbH, which is headquartered and registered in Germany, initiated insolvency proceedings on 18 November.
A statement issued by Endless International GmbH confirmed the action, explaining that shareholders, board of directors and management had “reached the conclusion to declare the company bankrupt”.
“Management and shareholders have been trying hard to establish a financial and sound business and they have spent considerable resources to find a sustainable model for the future. However, this has appeared not to be possible,” the statement read.