Endless Jewelry files for bankruptcy in Germany

by Jason_cramp | November 24, 2016 3:09 pm

The founder of Endless Jewelry, Jesper Nielsen, who sold his shares and left the company earlier this year, recently tried buying the company back after it filed for bankruptcy in Germany.

According to a JCK News report, Lars Seier Christensen, a prominent investor in the company, made the news public via social media.

“Endless Jewelry Gmbh submitted insolvenzantrag—the equivalent of a bankruptcy—in Germany,” wrote Christensen on his Facebook page. “Of course it is too bad for the company’s shareholders, including myself, who have lost a lot of money on this, but [also] our partners and especially our staff.”

A spokesperson for Endless Jewelry USA, who commented anonymously, told JCK News “right now, the U.S. office is continuing to do business as usual and is still working through what will happen down the road.”

Source URL: https://www.jewellerybusiness.com/news/endless-jewelry-files-for-bankruptcy-in-germany/

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