End for Teppich? – Food Retailing – Teppichboden Frick Supermarkte closes stores and receives no rescue offers

End for Teppich? – Food Retailing – Teppichboden Frick Supermarkte closes stores and receives no rescue offers – Brief Article

German food retailer Teppichboden Frick Supermarkte looks set to fall by the wayside, as attempts to rescue the troubled group have failed. German newspaper Lebensmittel Zeitung reported that all 200 stores in Germany have been closed the 1 300-strong workforce has been sent home. Negotiations are currently being held with a number of interested companies.

COPYRIGHT 2002 Agra Europe Ltd.

COPYRIGHT 2002 Gale Group