Danish charm bracelet brand Endless International has confirmed it has filed for bankruptcy in Germany, where the company is registered.
In a statement, the company said its shareholders, board of directors and management have reached the conclusion to declare the company bankrupt.
The announcement follows the company’s announcement in February 2016 that it would have to adjust the sales figures for product sold with right to return and the following cost savings were not sufficient to make a turn-around. The result, therefore, was to declare the company bankrupt.
Endless added it would like to say thank you to its employees for the “great efforts made”.