Pm chain closes all stores after bankruptcy



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The national clothing chain Pm closes the 49 stores over the weekend after the bankruptcy of the company early last month.

Thus, the 302 employees of the company are unemployed, writes Nettavisen.

"We do not have a solution to find, so it means the shops are closing and the employees are losing their jobs at Pm," said Håvard Wiker, director of Pm.

PM was found bankrupt in early October, after losing a lot of money in recent years. The clothing chain, which targets well-developed women, has recorded a total NOK 73 million deficit over the last three years.

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