The bookstore chain Notabene is bankrupt

BookstoreIllustration. Bookstore, Pixabay

The bookstore chain Notabene has long struggled to pay its creditors. Now the chain is bankrupt, reports Dagens Næringsliv.

Notabene lost NOK 28.5 million before tax in 2018 after trading for NOK 183 million. The year before, the bookstore chain just about made a profit, says DN.

Earlier this year the newspaper wrote that Notabene had 28 collection claims totaling NOK 1.7 million.

The newspaper has gained access to the ruling from the city bailiff in Oslo. It states that the bookstore chain now has a total debt of NOK 94 million. The chain is also listed with 61 payment notes.

The total value in the chain is in the order of NOK 56 million.

According to the 2017 annual report, Notabene had a total of 59 stores in shopping centers and centrally in larger urban areas.

The number of stores in the chain has been reduced year by year, and the chain now has 47 outlets, according to E24.

According to the Oslo County Court, the bookstore chain itself went bankrupt on Tuesday morning. The subsidiary Boklageret has also gone bankrupt.

According to the latest survey from public registers, Notabene has 235 employees and Boklageret 68 employees, but that figure has probably fallen somewhat during 2019.

© NTB Scanpix / #Norway Today


Be the first to comment on "The bookstore chain Notabene is bankrupt"

Leave a comment

Your email address will not be published.