Bloomberg News

Schlecker Unit Sale Fails on Insurance Risk, FTD Reports

June 12, 2012

German cosmetics and home-care retailer Schlecker, which filed for insolvency in January, was unable to sell its Ihr Platz unit because trade-credit insurer Euler Hermes SA (ELE) said insuring deliveries under the required terms was too risky, the Financial Times Deutschland reported, citing an unidentified person familiar with the situation.

To contact the reporter on this story: Julie Cruz in Frankfurt at jcruz6@bloomberg.net

To contact the editor responsible for this story: Celeste Perri at cperri@bloomberg.net


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