Reports of the availability of ‘serious bidders’ sparking speculation that Onoff may change ownership and survive


News widgets and RSS feeds on


Tuesday, 12 July 2011
The in charge of the bankruptcy management of the electronic giant undergoing  bankruptcy application, Lars Eric Gustafsson, says that a handful of serious bidders have expressed an interest in taking over all or part of the affected home electronics chain.

“We now have a list of interested buyers for all or part of this network of store and inventory. It is likely that most of the stores will be transferred to any other chain or other players,” he to Swedish news media.


Gustafsson believes that, according to news reports that 80 to 85 percent of the stores, which are depending on profitability, will survive.
He points out that the deal is urgent because the stores can not stay open for more than 30 days after the bankruptcy petition was filed, on 11 July.

He adds that within a two weeks period the new buyer would have been made known.  Yet on Tuesday night - a day after the Onoff bankruptcy was completed - can be the chain's website news read as follows:
"Want to keep up with the rapid evolution of technology? Need help to buy the right product? Do not want to miss the best deals on Then you should definitely subscribe to our newsletter that comes out 1-2 times a month! "
No notice of bankruptcy is found on the website. This could means that situation s in the company seem to be moving in the right direction that it does not want to stress the issue of bankruptcy any longer
By Team

Print this article

What do you think about this article? Would you like to leave a comment? It will be much appreciated. You can also rate this article.

  • Should be Empty:

Scandinavian Companies & Market Magazine
(C) 2010  Granscole Establishment Sweden AB. Registered in Sweden as a Media Company. Organisation Number: 556782-6572
F-Skatt (VAT) Number: SE556782657201