Bed manufacturer Kungsängen seeks reconstruction amid debt struggles

Posted on September 22, 2023   |  

Kungsängen initiated reconstruction due to severe liquidity challenges and financial difficulties.

The Attunda District Court approved the reconstruction plan, focusing on preserving the company's prospects.

CEO Marcus von Greyerz steps down, and former CEO Peter Gustafsson assumes leadership.

External factors such as the Ukraine conflict, high inflation, and escalating costs contribute to the company's predicament.

The reconstruction effort safeguards jobs, guarantees the delivery of customer orders, and includes a management transition along with the appointment of a new financial manager.