Major Slovak Fashion E-commerce Company Factcool Declares Bankruptcy After Failed Debt Restructuring

FC ecom, the company operating the major fashion e-commerce platform Factcool, has filed for bankruptcy after failing to complete a debt restructuring process. The Trenčín-based company, which previously employed 160 people and generated annual revenues exceeding 80 million euros, had been operating across nine countries before its financial collapse. Despite creditors approving a recovery plan just before Christmas, the online clothing and footwear retailer was unable to successfully restructure its debts. The company had been attempting to resolve its financial difficulties since spring of last year, but ultimately could not avoid bankruptcy proceedings.