GERMANY: Fashion chain SinnLeffers files for bankruptcy
German fashion chain SinnLeffers GmbH has filed for insolvency, but says it will continue to run its business as it reorganises its operations.
The firm, which has around 4,000 employees in 47 stores across Germany, achieved a turnover of around EUR500m (US$769m) in 2007, down 9% on the previous year.
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