Home Suppliers Coworker Customers Expert in Sweden has gone bankrupt The board of Expert AS has decided to close down the Swedish operations with immediate effect. Expert Sverige AB has therefore, on 19 September, been declared bankrupt. The bankruptcy covers the Swedish head office and 73 wholly owned stores. The 63 franchisees within Expert in Sweden are not covered by the bankruptcy, but are indirectly affected. The reason for the bankruptcy is that Expert in Sweden has made large losses for several years. The legal entities to which the bankruptcy applies are Expert Sverige AB, Expert Sverige Holding AB, Expert Stormarknad Sverige AB, Esv Partner AB, Glenmarks Foto AB and Dalarnas Multimedia AB. Nordic Logistics AB is not affected by the bankruptcy. In recent years, Expert has taken a number of measures to create profitability in Sweden. The owners have provided capital to secure operations and invested in the modernization of a large number. Extensive cost savings have been implemented and unprofitable stores have been closed down. But the fierce competition and low margins combined with a very weak market have meant that the losses continue. The bankruptcy estate will carry out a large sale within the next few weeks. Expert regrets the problems that bankruptcy creates for all victims. Here is more information for: Suppliers Coworker Customers Expert Sverige own-owned stores (covered by the bankruptcy application): Link to list Franchise stores ( not covered by the bankruptcy application): Link to list Expert customer service 08-5010 5060 will be kept open for a transitional period. Expert Sweden