Bankruptcy at Schlecker?

The German dpa news agency confirmed the informations of the “Lebensmittel Zeitung” over the German cosmetics distributor the market leader Schlecker’s bankruptcy.

The Schlecker produces loss for years, due to the intense competition on the cosmetics market. Sales revenue in 2010 decreased by 650 million euros, to 6.55 billion and according to the preliminary datas turnover decreased further in 2011 – reports MTI.