Retail chain Studenac closes some stores and files for pre-bankruptcy settlement over debts of hundreds of millions of euros

Summary

Croatian retail chain Studenac, which employs about 7,000 workers across roughly 1,400 stores, is facing heavy debts to banks and suppliers and has begun closing some outlets, with N1 reporting it has filed for a pre-bankruptcy settlement procedure; bank debt is put at around 450 million euros, though one source cites over 600 million, and suppliers confirm debts exist but say deliveries have not stopped.

This summary was written by a language model from the 5 sources listed below.