Quelle under liquidation

The rescue action for the German mail-order service did not succeed. The company's liquidation plan was announced on Monday, because there were no investors,. who would save the company.

According to the German Financial Times, around 7,000 jobs are at risk.
Arcandor, the parent company of Quelle requested bankruptcy protection in June, after the request for state rescue package was rejected by the German government. During the summer the company received 50 million euros loan to print its a autumn catalog, and can continue its daily activities – reports pénzcentrum.hu.