More uncertainty for Weltbild

More uncertainty for Weltbild

Eight months after the takeover by privately-owned Droege International Group was hailed as a passage for a safe new future, German book chain Weltbild is back in the headlines, and for all the wrong reasons. 

While the employee council and the management installed by the new owner are fighting publicly about further redundancies, Weltbild’s financial performance is also under close scrutiny since trade credit insurer Euler Hermes terminated its contract in mid-March.

Feelings are running high in Augsburg in southern Bavaria, after 71 loss-making branches were sold to Rüdiger Wenk earlier...

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