Iceland has 135 owners with due receivables exceeding 38 million crowns. This follows from the proposal to launch the insolvency woman, which the portal pointed out Aktuln.cz.

Etzec started closing stores in the Czech Republic in April this year. At the same time, it closed its e-shop, which it launched at the end of 2020. Iceland does not mention the day-to-day change about the functioning of ten stone shops on its website. Petr Langmaier refused to comment on the insolvency petition. The document states that six out of eleven stores have been closed, while the remaining stores are not able to generate revenue for further operation.

According to the proposal, the failure is caused by the negative state of the economy due to the covid-19 pandemic, which also affected the food retail sector. company in the proposal to include insolvency women.

The result was a sharp increase in the cost of transporting goods and the cost of services related to customs clearance, including the necessary increase in the price range of such imported food, including deliveries that were not allowed for the EU market and thus known or completely do not import food, representing the key system of the designer’s sales assortment, stands according to the document.

For example, the company has volumes from SOB, the Czech Social Security Administration or the Financial Office for the capital city of Prague. According to the proposal, Iceland has 82 employees in the Czech Republic and nineteen people by agreement.

In Britain, Iceland has about a thousand stores. Etzec entered the Czech market in 2014. The company was founded in 1970 in the United Kingdom by Malcolm Walker.