One of Denmark's largest independent furniture stores located in Brenderup, is currently shrouded in uncertainty following the closure of its webshop and Facebook page. A notice on the company's website states that the store and online shop are closed for the entirety of week 40, leading to speculation about potential bankruptcy or restructuring of the company, Bolighuset Werenberg. This was reported by Wood Supply.
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In the spring, Werenberg reported a staggering loss of over 18 million kroner, with bank debts totalling 23 million kroner as of September 30, 2023. This financial setback significantly depleted the company's equity, which plummeted from 20.6 million kroner to just 1.2 million kroner. The owners, Torben and Lone Werenberg, have also been notably absent from the company's online presence.
Despite the concerning financial situation, the owners deny any plans for restructuring or bankruptcy.
Source: www.wood-supply.dk