Annaleena Hakola raised the family business from a crisis and now tells what is wrong with the furniture industry
Annaleena Hakola discusses the challenges facing the furniture industry in the wake of significant bankruptcies, emphasizing the need for innovation and proactive strategies.
Suppliers Watched from the Sidelines as Indoor Group Slid Towards Ruin - Yle Investigated What Happened Before That
The Indoor Group, owner of Asko and Sotka, declared bankruptcy in early February, surprising many despite warning signs leading up to the failure.
Long-standing furniture manufacturer lays off 45 employees: revealed the reasons
A Lithuanian furniture manufacturer, Å ilutÄ—s baldai, is laying off 45 employees due to decreased sales and production capacity.
Successful furniture dealer from Ilmajoki harshly criticizes colleagues over furniture industry problems: "They should look in the mirror"
Tuomas Lähdesmäki, a seasoned furniture dealer, urges struggling companies to reflect on their decisions after facing industry crises.
Ask and Sotka bankruptcy is the tip of the iceberg, experts estimate – the furniture industry’s downturn will continue for several years
The Finnish furniture industry is in crisis, with significant layoffs and bankruptcies expected to continue in the coming years due to dwindling demand and rising costs.
This company was close to going down with a bankruptcy that shocked Finns – 'If the truck had left the yard'
A Finnish furniture company, Hakola, narrowly avoided bankruptcy that recently affected the industry and calls for necessary changes in consumer behavior.
Portobello finalizes the purchase of the furniture manufacturer for the Hotel Palace and Amancio Ortega's stores
Portobello is nearing the acquisition of MartÃnez Otero, a luxury furniture manufacturer that supplies hotels and stores globally, aiming to expand its presence in the luxury furniture industry.
Toivo Sukari reveals the events behind Sotka and Asko: "I tried until the last minute"
Furniture industry veteran Toivo Sukari reflects on his unsuccessful efforts to buy Finnish furniture chains Sotka and Asko, while expressing concerns over the industry's future.
"It was the worst message" - Lahdian Saija Suonio tells how life darkened in one day
Saija Suonio, an employee at the over 100-year-old Askon sofa factory in Lahti, Finland, shares her shock and the potential implications of the company's bankruptcy on local unemployment.
Sotka and Asko are just the beginning – More bankruptcies coming
The furniture retail sector in Finland faces significant challenges, with half of the 200 retailers operating at a loss, suggesting a wave of bankruptcies is imminent after companies like Sotka and Asko.
They created a Polish startup in the furniture industry. "The snowball effect worked"
The Polish startup 'Tylko' has gained international acclaim by allowing customers to design customizable furniture, disrupting the traditional furniture market dominated by large corporations.
Furniture chain Jysk: Like Ikea - but even cheaper?
The Danish furniture chain Jysk is challenging the market leader Ikea amid the furniture crisis in Germany, showcasing its success in a shifting industry landscape.