BREE: The bag manufacturer is insolvent
We all know these bags: The Bree brand is known for timelessly chic handbags, backpacks and other bags. But the brand has acute money problems? now even bankruptcy was filed!
The business should continue for the time being, the salaries of employees are secured for three months, the company said. Nevertheless, there is great concern about the cult brand.
Bree had suffered from declining business in the past. That's why the company had already renewed its strategy, approached a younger target group and reduced the number of employees. Above all, the turnover of the online shop is still too low, they said.
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