Indoor Group, which operates the popular Finnish furniture brands Asko and Sotka, has announced its bankruptcy filing due to an ongoing financial crisis that has plagued the company for an extended period of time. Despite extensive negotiations with various potential partners to secure a viable solution, the talks ultimately fell through, leaving the company without a path forward. The organization expressed disappointment over the lack of agreement and the challenging circumstances they faced.

In a company statement, Indoor Group revealed that they had sought support from primary financiers to enter a corporate restructuring process, but were unable to receive the necessary financial assistance or support decisions. This inability to secure crucial backing has left the company with insufficient conditions to continue operations, leading to the unfortunate decision to file for bankruptcy.

Indoor Group communicated deep regret over the impact of this bankruptcy on its customers, staff, and all partners involved. The situation underlines the broader challenges in the Finnish furniture market and raises questions about the future trajectory of the industry, as major players like Asko and Sotka are significant to the furniture retail landscape in Finland.