From Iceland — Cintamani Goes Bankrupt, Íslandsbanki Selling Its Remaining Products

Cintamani Goes Bankrupt, Íslandsbanki Selling Its Remaining Products

Published January 29, 2020

Andie Sophia Fontaine
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Icelandic outdoorwear outlet Cintamani has gone bankrupt, MBL reports from an announcement from the company. The bank Íslandsbanki will be selling off the remainder of Cintamani’s products to recoup some of its losses.

Cintamani has been operating in Iceland since 1989, originally from a small shop in Akureyri. Since then, they grew to at one point be a real contender to 66° North, Iceland’s most famous outdoorwear line.

However, the announcement states that recent operations have often proved difficult, and they have many times attempted organisational changes that could keep the company afloat, with no success.

As such, Íslandsbanki has announced that they will be selling off what remains of Cintamani’s products, which includes outdoorwear for all seasons. Those interested in buying this supply are asked to contact the bank via no later than February 3rd. The bank will then take a decision on who will be able to make the purchase after February 5th.

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