The furniture retailers Sotka and Asko have filed for bankruptcy due to long-standing financial difficulties and unsuccessful attempts to find new financing.
Sotka and Asko, two Finnish furniture retailers owned by Indoor Group and Insofa, have declared bankruptcy on February 9th, following a prolonged struggle with financial issues. The companies had been actively seeking new funding and negotiating with various partners, but ultimately failed to secure the necessary resources to continue operations. In their statement, they expressed regret over the situation and acknowledged the impact it has on customers, employees, and partners.
