The Czech electronics retailer Okay is anything but ok. That's why the brand along with its 100 stores and 1,500 employees is on sale in a deal Hospodářské noviny says is being led by KPMG. The paper reports that banks are squeezing its line of credit, reducing its ability to stock goods, and that it likely suffered a double-digit decline in sales during 2023. Turnover fell CZK 337 million in 2021 to CZK 4.8 billion, while in 2022 Okay turned in a loss of CZK 67 million.
It's hardly surprising. Only two Czech electronics . . .
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