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Norwegian owned global shoe retailer files for bankruptcy in Sweden

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News

Norwegian owned global shoe retailer files for bankruptcy in Sweden
Stockholm-based sneaker retailer Sneakersnstuff has filed for bankruptcy after 26 years in business. The news, first reported by Ehandel.se, was confirmed by co-founder Peter Jansson, who expressed hope for the company's future despite recent struggles and US and Japan store closures.

Founded in 1999, Sneakersnstuff grew from a small boutique to a global brand with locations in major cities and collaborations with prominent sneaker labels. A majority stake was acquired by FSN Capital in 2018.

Co-founder Erik Manzano Fagerlind, who departed in 2022, remains optimistic about the brand's potential. While the Stockholm location is temporarily closed, Jansson assures that stores in Berlin, London, and Paris remain unaffected.

https://finance.yahoo.com/news/sneakersnstuff-files-bankruptcy-closing-u-191502596.html
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