Health Food Chain Life Files for Bankruptcy in Finland and Sweden

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Health Food Chain Life Files for Bankruptcy in Finland and Sweden
Photo: Henrik Montgomery / TT

Health food chain Life applies for bankruptcy for operations in Finland and Sweden, the company announces in a press release.

The company writes that the market for retail trade "has been characterized by a number of challenges, with rising costs, squeezed margins and changed consumption patterns as a result of the pandemic, inflation and recession".

A bankruptcy trustee will now be appointed to oversee the bankruptcy process including the sale of the operations and its assets.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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